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February 21, 2024
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CapRock Partners Acquires 250k sf AZ Industrial Asset

1/16/24

CapRock Partners acquired a new 249.8k sf, Class A industrial building along Phoenix’s Loop 202 freeway. During the acquisition process, CapRock secured two undisclosed high-quality tenants resulting in the property being 100% pre-leased at the close of escrow.

The 13.58-acre property is located at 5858 W. Lower Buckeye Rd, at the northeast corner of S. 59th Ave and W. Lower Buckeye Rd, adjacent to Loop 202 North. Positioned at a full-diamond intersection, the property offers direct access to Loop 202 on/off ramps with prime freeway visibility. It is approximately three miles south of the I-10, 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.

5858 W. Lower Buckeye Road is an efficient distribution and manufacturing facility. The building features 36-foot clear height, 28 dock-high loading doors, two motorized oversized grade-level loading doors, ESFR sprinklers and heavy power (3,600 amps). The property’s exterior offers a fully secured 245-foot concrete truck court, double row trailer parking for 76 stalls and space for 166 auto stalls.

Stein Koss, Tom Louer and Fenton Kelly with Lee & Associates represented CapRock Partners in the purchase transaction and leasing of 5858 W. Lower Buckeye Road. The two tenants were repped by Josh Wyss with Cushman & Wakefield and Pat Harlan, James Panczykowski and Kyle Westfall with JLL, respectively.

At full build-out, CapRock’s Phoenix portfolio will consist of approximately 8 msf of industrial space. The firm continues to pursue additional opportunities for new development in the MSA. CapRock’s development portfolio includes approximately 16 msf of Class A logistics facilities across Arizona, Nevada and California that the company recently completed, is currently building or is about to commence.





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