PHOENIX, ARIZONA – AZ Buckeye Investors, LLC was the seller in the $3.65 million ($18,622 per acre) disposition of 196 acres of commercial land located at the SWC of Interstate 10 and Highway 85 in Buckeye, Arizona. The buyer is a partnership between Carefree Buckeye 196, LLC and Boeing V LLC.
NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the seller. NAI Horizon Vice President Troy Giammarco and Associate Joe Pequeno represented the buyer in the transaction.
“We are excited to be involved in another important piece in the West Valley,” said Scott Phillips, Director of Acquisitions of Carefree Partners, representing the buying entities. “The teamwork to put this together with NAI Horizon and the quality information and engagement we received from the City of Buckeye have both been a great part of the process so far.”
Buckeye is listed as the No. 1 fastest-growing city in the country according to the U.S. Census Bureau. Buckeye was the only Arizona city to make the list this year. There are tremendous future opportunities in Buckeye for retail shops, services and employment due to this rapid growth.
“As a premier mixed-use commercial site, this large-scale property has strong potential to play a key role in Buckeye’s expanding freeway corridor development,” said David Roderique, Buckeye Economic Development Director.
“This commercial land site is sizable and will be regionally significant as a strategically located freeway property at the western gateway of Buckeye on Interstate 10,” Neville said. “The property also fronts Highway 85, the proposed future CANAMEX Interstate 11 alignment.”