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3/20/23
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CapRock Partners acquired a 130.8k sf, Class A industrial building in Phoenix. The facility is situated on 6.4 acres at 5810 W. Buckeye Rd, along Phoenix’s Loop 202 Fwy.
Pre-leased to Metrie Inc, North America's largest manufacturer and supplier of solid wood and composite moulding, the new warehouse property enhances CapRock’s footprint within the Phoenix MSA and complements it overall regional logistics strategy. Construction on the new industrial building was completed in the first quarter with Metrie set to take occupancy in the second quarter.
5810 W. Buckeye Road is a modern warehouse facility with 2.5k sf of office space. The building features 32-foot clear height, 16 dock-high loading doors, two grade-level loading doors, ESFR sprinklers and provide heavy power. Outside, the property offers a fully secured 180-foot concrete truck court and an outdoor storage yard and ample parking with 29 trailer stalls and 138 auto stalls.
The property is located at the northeast corner of S. 59th Ave and W. Buckeye Rd, adjacent to Loop 202 North. Positioned at a full-diamond intersection, the location offers direct access to the Loop 202 on/off ramps, in addition to high visibility with approximately 580 feet of freeway frontage. Less than two miles south of the I-10 freeway, the property is approximately eight miles to Downtown Phoenix, 12 miles to Phoenix Sky Harbor International Airport, and is within a 45-minute drive to most of the Phoenix MSA.
Don MacWilliam and Payson MacWilliam of Colliers International represented CapRock Partners in the marketing of 5810 W. Buckeye Road. Metrie Inc. was represented by Mark Seale with Avison Young.
5810 W. Buckeye Road is one mile south on Loop 202 from CapRock West 202 Logistics, a state-of-the-art eight-building, Class A industrial warehouse complex totaling 3.4 msf. Its Phase I, which is planned for delivery in summer of 2023, consists of the project’s first five buildings, totaling approximately 2.5 msf.
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