Historic Family Holdings at Higley and the 202 Sells for ~$6.38m

VIZZDA — 4/29/2013 -- An entity formed by the Taddei Family of Hunter Contracting, sold a roughly 40-acre parcel in Gilbert after taking possession of it prior to 1997.

Warner Gabel III of Gabel Investments in Scottsdale acquired the parcel for $6,383,381 or $160,105 per acre. 

Gabel filed a Regulation D offering with the Securities and Exchange Commission on April 20th, 2013: offering $7.1m in equity and receiving a total subscription of $6.975M. 

Follow the link below to access the filing: http://www.sec.gov/Archives/edgar/data/1575125/000157512513000001/xslFormDX01/primary_doc.xml

The property consists of 39.87 acres of land, zoned RU-43. Aerials indicate the property is used in agricultural production.

By:
Hadden Schifman
Managing Principal
Vizzda