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Exxon Mobil Sold 1.2 Acres for $1.6M

McDonald's Holds 20-Year Ground Lease on 1429 W. Baseline Road
By Jamie Young
September 12, 2005 | 12:21 P.M.

In a 1031 exchange, the R. and G. Arnold Family LLLP purchased 1.215 acres at 1429 W. Baseline Road in Tempe. The sale brought in $1.6 milion, or about $1.3 million per acre.

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News | Exxon Mobil Sold 1.2 Acres for $1.6M