SCOTTSDALE INVESTOR PICKS UP 46 LOTS AT RANCHO VISTA IN BUCKEYE

Buckeye – Millbroad Investments LLC, a company formed by RBR Capital LLC in Scottsdale (Ryan Miller, member) paid $541,000 to purchase 46 finished lots within the Rancho Vista community in Buckeye. The seller was Montalbano Homes of Arizona Inc. in Oakbrook Terrace, Ill. (Anthony Montalbano, pres.). Brian Beard of LKY Advisors in Scottsdale represented the buyer. George Cannon of The Hogan Group in Scottsdale worked on behalf of the seller. The home sites are at the northwest corner of Broadway and Miller roads. The lots average 6,050 sq. ft. (55x110). Millbroad Investments paid cash for the property and closed the transaction in seven days. The home sites were sold through a short sale. Montalbano Homes started the subdivision, but got sideways on the project when the housing market collapsed. Millbroad Investments will sell the lots to a builder through a rolling option agreement. Miller says RBR Capital is looking for additional finished lots in Maricopa County. Find out more from Miller at (480) 220-8793. Talk to Beard at (480) 951-1281. Call Cannon at (602) 570-2401.

Click here to view this article from its source.