{"id":1004652595,"date":"2023-03-21T06:57:57","date_gmt":"2023-03-21T14:57:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004652595"},"modified":"2023-03-21T06:57:59","modified_gmt":"2023-03-21T14:57:59","slug":"caprock-buys-phoenix-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/","title":{"rendered":"CapRock Buys Phoenix Industrial Asset"},"content":{"rendered":"
\"Rendering<\/a>

5810 W. Buckeye Road. Image courtesy of CapRock Partners<\/em><\/p><\/div>\n

CapRock Partners<\/strong> has purchased a recently completed, 130,800-square-foot industrial property in Phoenix. Maricopa County records show that the firm paid $11.9 million for the Class A asset and used a $7.8 million acquisition loan from California Bank & Trust<\/strong>. The previous owner was Sun State Builders<\/strong>, according to CommercialEdge data.<\/p>\n

The building is preleased to Metrie Inc<\/strong>., which will occupy the new warehouse in the second quarter of this year. Colliers<\/strong> Vice Chairmen Don MacWilliam and Payson MacWilliam negotiated on behalf of the new landlord, while Avison Young<\/strong>\u00a0Principal & Director of Brokerage Services, Mark Seale, worked on behalf of the tenant.<\/p>\n

Located at 5810 W. Buckeye Road, the facility features 32-foot clear heights, ESFR sprinklers, two-grade-level loading doors, 16 dock-high doors and a 2,500-square-foot office component. Situated on a nearly 6.5-acre lot within an Opportunity Zone, the industrial property is close to Loop 202 North and Interstate 10, some 7 miles from downtown Phoenix and 12 miles from Phoenix Sky Harbor International Airport.<\/p>\n

Growing its Phoenix footprint<\/h2>\n

The property is also close to CapRock Partners\u2019 West 202 Logistics, a 183-acre, master-planned industrial project slated to comprise 3.4 million square feet. When complete, the campus will become the largest speculative industrial development<\/a> in the market’s history.<\/p>\n

CapRock Co-Founder & President Jon Pharris said, in prepared remarks, that when West 202 Logistics will be fully built, the company\u2019s Phoenix portfolio will total some 8 million square feet.<\/p>\n

In 2022, the developer commenced construction on another big-scale industrial project in the West. The 112-acre, master-planned<\/a> development in Norco, Calif., will encompass some 2 million square feet of space spread across 24 buildings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Metrie Inc. has already preleased the Class A property.<\/p>\n","protected":false},"author":2991,"featured_media":1004652597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1601,15],"tags":[33022,35408,35498],"class_list":["post-1004652595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-avison-young","tag-caprock-partners","tag-colliers"],"acf":[],"yoast_head":"\nCapRock Buys Phoenix Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CapRock Partners purchased a 130,800-square-foot Class A industrial property in Phoenix for $11.9 million from Sun State Builders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CapRock Buys Phoenix Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"CapRock Partners purchased a 130,800-square-foot Class A industrial property in Phoenix for $11.9 million from Sun State Builders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-21T14:57:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-21T14:57:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/5810-w-buckeye-road-phoenix-e1679322023621.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"534\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/\",\"name\":\"CapRock Buys Phoenix Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/5810-w-buckeye-road-phoenix-e1679322023621.jpg\",\"datePublished\":\"2023-03-21T14:57:57+00:00\",\"dateModified\":\"2023-03-21T14:57:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"CapRock Partners purchased a 130,800-square-foot Class A industrial property in Phoenix for $11.9 million from Sun State Builders.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caprock-buys-phoenix-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/5810-w-buckeye-road-phoenix-e1679322023621.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/5810-w-buckeye-road-phoenix-e1679322023621.jpg\",\"width\":534,\"height\":400,\"caption\":\"Rendering of 5810 W. 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