GOODYEAR, AZ—Cushman & Wakefield recently brokered the sale of a newly developed Class A industrial cross dock facility totaling approximately 450,600 square feet on over 29 acres in Goodyear, AZ. Constructed in 2021, the property was sold by The Opus Group for $56 million.
The Southwest Valley property located at 2250 S Litchfield Rd. was fully vacant at the time of sale. Executive Managing Director Will Strong, Associate Greer Oliver, Senior Director Kirk Kuller, and Analyst Connor Nebeker-Hay of Cushman & Wakefield's National Industrial Advisory Group represented the seller in the transaction. Cooper Fratt and John Werstler of CBRE provided leasing advisory.
"Institutionally developed and maintained, this was a rare investment opportunity of a bulk state of the art Class A industrial/cross dock facility that is very well positioned with immediate airport access and central to multiple freeways and adjacent to the Union Pacific Railroad," said Will Strong. "The property offers great potential value for the buyer through the lease up of the vacancy in the facility, to multiple or single tenancy, in a high-demand market."
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Among the key highlights of the newly constructed best-in-class facility include rail served capable, superior clear height of 36 feet, heavy power, abundant car and trailer parking, 73 dock doors and 4 grade doors, and skylights. The facility also consists of truck queuing lanes, 100% concrete truck courts, fully secured truck courts with automatic truck court gates, and 190-foot truck court depths.
The location is adjacent to Phoenix Goodyear Airport and convenient to Interstate 10, Loop 303, and Highway 85. There are also many nearby retail amenities and national corporate neighbors comprising numerous Fortune 500 companies. The property is also located in an Opportunity Zone and Military Reuse Zone and is Foreign Trade Zone capable.
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