Merrill Ranch Package - LoopNet
Merrill Ranch—4,508 Acres B ULL R EALTY , I NC .
Florence, Arizona
Rob Whitmire, MBA 404.876.1640 ext. 128 [email protected] John DeYonker 404.876.1640 ext. 142 [email protected] 3535 Piedmont Road Bldg. 14, Suite 1100 Atlanta, GA 30305 www.BullRealty.com
Exclusively Listed for Sale By: Bull Realty, Inc. (H‐20209) in conjunction with KW Commercial (Arizona License #BR035868000) This offering is subject to price adjustment or prior sale without notice. This information is provided by the owner and is deemed reliable, but is not warranted. Please do not disturb tenants or owners.
Table of Contents
Merrill Ranch
Section I: Section II:
Executive Summary
Property Overview
Land Use Plan Property Photos Conceptual Rendering Drawing Tax Assessor’s Map Zoning Classifications
Section III: Section IV:
Area Overview Location Maps
Confidentiality Agreement
Executive Summary
Merrill Ranch
Prime acreage foreclosed and offered for sale at 11% of the 2006 appraised value, the 4,508 acres known as Merrill Ranch provides an incredible opportunity to acquire a large Arizona tract at the lowest price in years. The property, located in the path of growth between Phoenix and Tucson, is being marketed for a consortium of over 60 banks. The city of Phoenix predicts the Greater Phoenix region to grow by nearly 60 percent by 2030, bringing the population to more than six million people. Merrill Ranch, a master planned community in Florence, Arizona, is zoned as a Planned Urban Development (PUD) with residential, commercial, and high‐density mixed‐use components. On average, the allowable residential density is 4.5 units per acre equating to a potential of over 26,600 total units possible within the Community Facilities District. With abundant highway frontage, you can create your own destination development in this southeastern suburb of Phoenix. The acreage is located on the north and south sides of Hunt Highway near the intersection of Felix Road. The site terrain is mainly natural desert with varying topography and a general slope toward the southwest. The property is in Community Facilities District (CFD) No. 1 which was formed to provide a mechanism for financing and constructing public infrastructure for the Merrill Ranch project including the subject property and Pulte’s Anthem development. The CFD has the authority to issue special assessment bonds secured by placing assessments specifically for benefiting properties. Adjacent to the subject property is Pulte/Del Webb’s Anthem community which includes an 18‐hole golf course, grocery & retail stores, active adult neighborhood, and a wide variety of housing product types. The town of Coolidge is about six miles away and has a new Wal‐mart SuperCenter, Taco Bell, KFC, Walgreens, Safeway, and other national retailers and restaurants. Priced at roughly $8,058 per acre ($36,325,000), this property is perfectly positioned for future resale profits or development.
Land Use Plan
Merrill Ranch
Property Photos
Looking South Along Felix Road From Northwest Corner of Site
Looking South Across the Subject Site From North End
View of the Adjacent Anthem Project
View of the “Spine” Road Heading Toward the Property
Conceptual Rendering
Felix Road
Drawing
Parcel 3 3,394.597 Acres
Parcel 1 467.87 Acres
nt Hu
ay w h Hig
Parcel 2 647.21 Acres
Tax Assessor’s Map
Parcel 3 3,394.597 Acres Parcel 1 467.87 Acres
Parcel 2 647.21 Acres
Zoning Classifications
Merrill Ranch
On June 4, 2007, the Town Council amended the Merrill Ranch PUD with the approval of Ordinance No. 460‐07. Of particular importance to the subject property is the rezoning of a significant portion of the property from industrial land use to a mix of commercial, retail, residential and lighter industrial land uses. As a result of the PUD amendment, new zoning classifications were created which resulted in greater residential density (maximum unit count of 4.5 dwelling units per gross acre) and also introduced the concept of incorporating residential units in a commercial core at the southwest corner of the community. The following table summarizes the land uses approved under the amended development plan.
Area Overview Shopping If shopping is your passion, you’re just a short drive to the major metropolitan areas of Mesa, Chandler, Gilbert, and Casa Grande‐offering everything you'd need from grocery stores and shopping malls, to movie theaters and restaurants. Anthem Marketplace, located right within the greater Anthem at Merrill Ranch community, offers the convenience of an onsite Safeway grocery and gas station, Wells Fargo bank, Tutor Time child care, and several other retail shops and businesses. Other area shopping meccas include the nearby Shops at San Tan Village in Gilbert, Arizona Mills in Tempe, Chandler Fashion Center in Chandler, and Fiesta Mall and Superstition Springs Mall in Mesa.
Merrill Ranch
Big Splash Water Park
Anthem Marketplace
Anthem Community Center
Anthem Community Park
Location Map One
Location Map Two
Principal Confidentiality Agreement
Principal Confidentiality Agreement
Florence, Arizona
Rob Whitmire, MBA 404.876.1640 ext. 128 [email protected] John DeYonker 404.876.1640 ext. 142 [email protected] 3535 Piedmont Road Bldg. 14, Suite 1100 Atlanta, GA 30305 www.BullRealty.com
Exclusively Listed for Sale By: Bull Realty, Inc. (H‐20209) in conjunction with KW Commercial (Arizona License #BR035868000) This offering is subject to price adjustment or prior sale without notice. This information is provided by the owner and is deemed reliable, but is not warranted. Please do not disturb tenants or owners.
Table of Contents
Merrill Ranch
Section I: Section II:
Executive Summary
Property Overview
Land Use Plan Property Photos Conceptual Rendering Drawing Tax Assessor’s Map Zoning Classifications
Section III: Section IV:
Area Overview Location Maps
Confidentiality Agreement
Executive Summary
Merrill Ranch
Prime acreage foreclosed and offered for sale at 11% of the 2006 appraised value, the 4,508 acres known as Merrill Ranch provides an incredible opportunity to acquire a large Arizona tract at the lowest price in years. The property, located in the path of growth between Phoenix and Tucson, is being marketed for a consortium of over 60 banks. The city of Phoenix predicts the Greater Phoenix region to grow by nearly 60 percent by 2030, bringing the population to more than six million people. Merrill Ranch, a master planned community in Florence, Arizona, is zoned as a Planned Urban Development (PUD) with residential, commercial, and high‐density mixed‐use components. On average, the allowable residential density is 4.5 units per acre equating to a potential of over 26,600 total units possible within the Community Facilities District. With abundant highway frontage, you can create your own destination development in this southeastern suburb of Phoenix. The acreage is located on the north and south sides of Hunt Highway near the intersection of Felix Road. The site terrain is mainly natural desert with varying topography and a general slope toward the southwest. The property is in Community Facilities District (CFD) No. 1 which was formed to provide a mechanism for financing and constructing public infrastructure for the Merrill Ranch project including the subject property and Pulte’s Anthem development. The CFD has the authority to issue special assessment bonds secured by placing assessments specifically for benefiting properties. Adjacent to the subject property is Pulte/Del Webb’s Anthem community which includes an 18‐hole golf course, grocery & retail stores, active adult neighborhood, and a wide variety of housing product types. The town of Coolidge is about six miles away and has a new Wal‐mart SuperCenter, Taco Bell, KFC, Walgreens, Safeway, and other national retailers and restaurants. Priced at roughly $8,058 per acre ($36,325,000), this property is perfectly positioned for future resale profits or development.
Land Use Plan
Merrill Ranch
Property Photos
Looking South Along Felix Road From Northwest Corner of Site
Looking South Across the Subject Site From North End
View of the Adjacent Anthem Project
View of the “Spine” Road Heading Toward the Property
Conceptual Rendering
Felix Road
Drawing
Parcel 3 3,394.597 Acres
Parcel 1 467.87 Acres
nt Hu
ay w h Hig
Parcel 2 647.21 Acres
Tax Assessor’s Map
Parcel 3 3,394.597 Acres Parcel 1 467.87 Acres
Parcel 2 647.21 Acres
Zoning Classifications
Merrill Ranch
On June 4, 2007, the Town Council amended the Merrill Ranch PUD with the approval of Ordinance No. 460‐07. Of particular importance to the subject property is the rezoning of a significant portion of the property from industrial land use to a mix of commercial, retail, residential and lighter industrial land uses. As a result of the PUD amendment, new zoning classifications were created which resulted in greater residential density (maximum unit count of 4.5 dwelling units per gross acre) and also introduced the concept of incorporating residential units in a commercial core at the southwest corner of the community. The following table summarizes the land uses approved under the amended development plan.
Area Overview Shopping If shopping is your passion, you’re just a short drive to the major metropolitan areas of Mesa, Chandler, Gilbert, and Casa Grande‐offering everything you'd need from grocery stores and shopping malls, to movie theaters and restaurants. Anthem Marketplace, located right within the greater Anthem at Merrill Ranch community, offers the convenience of an onsite Safeway grocery and gas station, Wells Fargo bank, Tutor Time child care, and several other retail shops and businesses. Other area shopping meccas include the nearby Shops at San Tan Village in Gilbert, Arizona Mills in Tempe, Chandler Fashion Center in Chandler, and Fiesta Mall and Superstition Springs Mall in Mesa.
Merrill Ranch
Big Splash Water Park
Anthem Marketplace
Anthem Community Center
Anthem Community Park
Location Map One
Location Map Two
Principal Confidentiality Agreement
Principal Confidentiality Agreement
