8.52± Acre Zoned Community Commercial / Mixed Residential

Fastest Growing City in the United States

Close Proximity to Estrella Community College

2 Miles East from AZ-85

5 Miles South from the I-10

The subject site is located at the Southwest Corner of Miller Road and Irwin Avenue. The site is 5-miles South of the Interstate 10 and 2-miles East of the Arizona 85. The composition of surrounding land uses include single family development, multifamily development, retail and community development, and agricultural land. In recent years, the Town of Buckeye has experienced tremendous growth as agricultural and desert lands are transformed to homes, businesses, and shopping areas. Maricopa County has been one of the fastest growing counties in the nation through out the past decade. Due to this, Buckeye was recently ranked the fastest growing city in the U.S., alongside Phoenix.

We have surveyed numerous potential uses for your site and we suggest your property could well be of interest to the following developer profiles: multifamily, senior living, residential, and commercial. The area enjoys strong population demographics with numerous regional logistics centers generating job growth which supports further commercial development within the submarket.

The subject site is well served by numerous regional transit routes including Interstate 10, Arizona 85, future Interstate 11, and the Buckeye Municipal Airport. The combination of transit linkages along numerous logistic and industrial complexes suggests a strong potential for multifamily development. Our survey of existing multifamily properties located throughout Buckeye includes 560 units dispersed throughout seven multifamily locations. The average rental rates on an annual basis ranged between $800 - $1,050 a month. Note, that majority of these properties are affordable housing or senior living with tax credits. The subject property falls outside the Qualified Census Tract but falls within the Opportunity Zone overlay. We believe the submarket is currently underserved as demand continues to grow with both employment and population growth in the submarket. We will work in unison with Berkadia’s Affordable Housing Group to market the site to a diverse group of affordable housing developers.

The Buckeye submarket is becoming a robust transportation corridor with direct access to the Union Pacific Railroad. It provides a one-day turnaround to the Southern Californian ports and direct access to other major markets. Buckeye sits at the crossroads of international freight movement with Asia from the West and Mexico from the South through the Port of San Luis and the CANAMEX. The city has experienced tremendous growth over the past 10 years, a shift from an agricultural economy to healthcare, entrepreneurship, logistics, distribution, and manufacturing. Employers are attracted to the area’s growing infrastructure, housing supply, and transit linkages.

Examples of demand generators and submarket attractions are as follows:

Municipal Court

Higher overall density to maximize infrastructure and service delivery, concentrated activity centers, preserved employment corridors, conducted joint planning and preserved high-capacity transportation corridors, and developed strategies that support comprehensive multi modal systems.

Community Amenities

Buckeye offers a broad range of community facilities including two libraries, one museum, an auditorium (550 seats), a community center, senior center, rodeo arenas, several parks with dog friendly amenities, baseball fields, basketball courts, and soccer fields. Municipal services also include six fire stations, two police stations, several wastewater treatment plants, and a 700-acre municipal airport.

Scenic Attractions

The Gila and Hassayampa rivers, White Tank Mountains, Sonoran National Monument, Buckeye Hills, washes, canals, and man-made floor control structures can be woven into a one-of-a-kind open space system to be enjoyed by all. Some of the regional parks located in close proximity to Buckeye include Buckeye Hills, White Tanks, and Skyline.

Sports

The west valley is home to a host of spring training facilities including the Seattle Mariners, Cincinnati Red Sox, Cleveland Indians, San Diego Padres, Milwaukee Brewers, Chicago White Sox, and LA Dodgers.

Foreign Trade Zone 277

Can offer applicable businesses numerous operating and financial incentives. Terminals: Yabucoa, Bahamas, and Taylor.

Int'l Trade & Logistics Center

The City of Buckeye sits at the crossroads of international freight movement - Asia from the West and the San Pedro ports and Mexico from the South through the Port of San Luis and the CANAMEX corridor. The city is in prime position to become an international trade & logistics center.

Examples of leading employers near Buckeye:

  • Cancer Treatment Center of America - Ranked the fourth highest employer with over 650 jobs
  • Amazon and Sub-Zero / Wolf Manufacturing - Ranked in the top 10 for jobs, employs 400-500 people respectively
  • City of Buckeye - 420 jobs
  • Buckeye Union High School District - 350 jobs
  • Walmart Distribution Center - the city's top employer which pays higher wages than its own Walmart Stores, bringing 650 jobs to the city

Schools:

  • Estrella Mountain Community College (13,882 enrolled)
  • Estrella Foothills High School (1,029 enrolled)
  • Youngker High School (1,492 enrolled)
  • Buckeye Union High School (1,402 enrolled)

MAPS

Buckeye Economics & Demographics (click HERE for full report)

INVESTMENT ADVISORS

MARK FORRESTER

Senior Managing Director

mark.forrester@berkadia.com

602.912.1630

ANDREW CURTIS

Director

andrew.curtis@berkadia.com

602.571.4190

TIMOTHY BRACKEN

Director - Affordable Housing

timothy.bracken@berkadia.com

303.689.8336

PHOENIX OFFICE

2525 East Camelback Road, Suite 1150

Phoenix, AZ 85016

Phone: 602.955.1122

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

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