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Property profile

0 Westward Skies Dr & El Mirage Rd Peoria, AZ 85383

OFF-MARKET
Land
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45.8 ac lot

Property summary

AI-generated overview

This exceptional 45.8-acre mixed-use land parcel, located in Peoria, Arizona, presents a compelling investment opportunity. Situated at the intersection of Westward Skies Drive and El Mirage Road, this property boasts a highly desirable PCD | V-MUCC zoning designation, allowing for a diverse range of development options, including office, industrial, and medical spaces. With permitted building heights reaching up to 120 feet, the site offers significant potential for high-density development. The parcel's strategic location within the Vistancia Mixed-Use Commercial Core places it in close proximity to major employers, including Amkor Technology, which is currently in escrow to purchase adjacent land for a substantial new facility, and the soon-to-open American Leadership Academy, a 2,400-student K-12 charter school. The area's thriving business environment, skilled workforce, and modern infrastructure create a favorable climate for development. Further enhancing the property's appeal is the nearby Vistancia Point project, which includes a new Fry's Marketplace and additional retail spaces, scheduled to open in November 2024. The asking price is $29,922,270, with a land value of $15 per square foot. The property's APN is 510-08-953, and it is owned by Vistancia Development LLC. This is a rare opportunity to acquire a large, strategically located parcel in a rapidly growing area of the Phoenix metropolitan area.

Property profile

Verified
Property type Land
Lot 45.8 ac (1,995,048 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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