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Costco Wholesale Corp Acquires 18.65 Acres For $15.68M In Buckeye AZ
SOLD
$15,677,280
Arizona
See Similar DealsRetail
Sold 08/07/2025
SOLD
Costco Wholesale Corp Acquires 18.65 Acres For $15.68M In Buckeye AZ
1111 North Verrado Way
See Similar DealsRetail
Sold 08/07/2025
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$836,121.60
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,698.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,318.31
Annual Debt Service$891,819.66
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