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
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