Current Use by Public Records
- Specialty properties
Property Details for 31906 Camelback Rd
- Lot size
- 521.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Industrial properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buckeye
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.739
- Latitude
- 33.5089
