NZ Joseph City, LLC
There are two sections of land in Joseph City, AZ. The I-40 splits both parcels thereby giving commercial value to the property. Although the freeway, railroad, and the Little Colorado River negatively impact the net acreage, its location on the freeway is valuable for communication towers, signage and truck stop potential. For example, Verizon just leased a 100’ X 50’ parcel for 25 years. They are paying to bring power and access to the parcel at their expense. The parcel will be used for one of the major cell phone towers in the area. They have assured us that others will want to be on their tower, however, every tenant on the tower will need some land on the ground for their equipment which will be to our advantage.
Also, APS currently pays NZ to water mine the Joseph City parcels.
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