1st Position Deed of Trust and ALTA Title Policy on commercial land parcel totaling 17.71 ac (773,265-SF) located at 11623 South 202nd Street, Mesa AZ 85212-9664. The subject property is located north of Warner Road and west of the Loop 202 Freeway. Situated on the east border of the property is a billboard that has excellent frontage to the Loop 202 Freeway. Notably, the subject is completely fenced-in with an operating gate at the entrance of the property. At the east end of the subject property is a two-sided billboard. The subject property is currently vacant land and zoned IND-2, Light Industrial, which permits most industrial uses. The land is currently used as a storage facility for equipment for Sahuaro Barricades, LLC, a subsidiary of Sahuaro Contracting, with two small open storage sheds which have no contributory value. The borrower plans to develop the northern portion of the site with a ~ 19,500 sf industrial building. The total building SF will be approximately ~5,000 sf office and ~14,500 sf industrial building for storage on ~ 7 acres. The building will be leased by a subsidiary of Sahuaro Contracting and will sign a long-term lease. The remaining land will be developed as 22 half-acre construction yards/ industrial yards that will be leased upon site completion.