For Sale
$24,405,850

31906 Camelback Rd Buckeye, AZ 85396

Arizona Industrial Property, 8% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 29,760 square foot industrial property situated on a substantial 521-acre lot in Buckeye, Arizona. The property, located at 31906 W Camelback Rd, 85396, features a single tenant, credit-rated Holcim US, the world's largest cement producer. The lease is a NNN (Net, Net, Net) structure, providing guaranteed income with annual rent and royalty increases built into the agreement. The property boasts a strong 8.00% cap rate and a significant net operating income (NOI) of $1,952,468, with an asking price of $24,405,850. The tenant, Pioneer Landscaping Materials, Inc., a leading distributor of bulk landscape and hardscape materials, operates a block plant on the site, leveraging the quarry's high-grade materials. This prime location benefits from significant growth in the West Valley of Phoenix, including substantial residential development (approximately 4,877 active and 89,840 future units within the immediate trade area) and proximity to major infrastructure projects, including Interstate 11. The property's APN is 504-03-011A, 504-03-011B, 504-08-196B, and 504-08-198C. Maricopa County's rapid growth and Phoenix's position as a leading industrial market further enhance the investment potential. This offering represents a secure, high-yield investment in a thriving region.

Highlights

  • Investment-grade industrial property with credit-rated tenant Holcim US.
  • Holcim US, the world's largest cement producer, is the primary tenant.
  • NNN lease with guaranteed income and annual rent/royalty increases.
  • High-grade quarry producing materials for construction and infrastructure.
  • Prime location in booming West Valley of Phoenix, near major infrastructure projects and substantial residential development (approx. 4,877 active and 89,840 future units).
  • Strong location in rapidly growing Buckeye, AZ, and Maricopa County.

Property Details for 31906 Camelback Rd

Property type
Specialty properties, Industrial properties
Square Feet
29,760 SF
Lot Size (sq. ft)
22,694,760 SF

Location Insight

City
Buckeye
County
Maricopa
State
Arizona
Latitude
33.5088897
Longitude
-112.738977

FAQs

What type of property is this?
Specialty property - Arizona Industrial Property, 8% Cap Rate
Where is the specialty property located?
The property is located at 31906 Camelback Rd Buckeye, AZ.
What is the asking price?
The asking price for this property is $24,405,850.
What are key features of this property?
This property features: Investment-grade industrial property with credit-rated tenant Holcim US.; Holcim US, the world's largest cement producer, is the primary tenant.; NNN lease with guaranteed income and annual rent/royalty increases.
How can I contact the broker?
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31906 Camelback Rd
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