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1111 North Verrado Way

Costco Wholesale Corp Acquires 18.65 Acres For $15.68M In Buckeye AZ
SOLDRetail

Costco Wholesale Corp Acquires 18.65 Acres For $15.68M In Buckeye AZ

1111 North Verrado Way

$15,677,280

Building Size

Asset Type

Retail

Closing

Aug 7, 2025

AI

1111 North Verrado Way, located in Buckeye, AZ, encompasses 18.65 acres designated for retail use. This property was sold for $15,677,280, with a total square footage of 140,740, translating to a price per square foot of $111.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,677,280
  • Sale Date: July 31, 2025
  • Buyer: Costco Wholesale Corp.
  • Market: Buckeye, AZ
  • Acres: 18.65
  • Square Footage: 140,740
  • Price per Square Foot: $111

Costco Wholesale Corp. completed this transaction, securing the property to develop a Costco Business Center located at Alma School and Pecos Road. The deal reflects the company's strategic move to expand its retail footprint in the region.

Players

CC
Costco Wholesale Corp.Buyer

Buckeye Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93