20555 W Roosevelt St - Apartments FOR SALE


Buckeye, AZ 85326- West Valley
$13,500,000 USD
480-231-0767
20555 W Roosevelt St, Buckeye, AZ for Sale
$13,500,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

20555 W Roosevelt St
Buckeye, AZ 85326
West Valley


HIGHLIGHTS

  • Situated on the entry to City of Buckeye, AZ
  • Proposed multi-family community
  • Proposed density is 28.5 dwelling units per acre
  • 17.89 Acres of vacant land

OVERVIEW

±17.89 ACRES LAND OPPORTUNITY - PERMIT READY / I-10 and N. Verrado Way Property Summary West Fillmore Highstreet is a proposed 510-unit multi-family community located East of Verrado Way and North of Fillmore Street (APN: 502-35-836). The subject parcel is 17.89 acres and is permit-ready. The project is located within the Buckeye Gateway Activity Center and the future specific plan area called “The Landing”. The proposed multi-family community will include nine garden-style residential buildings, all three stories in height and one amenity clubhouse building. The proposed density is 28.5 dwelling units per acre (including the undevelopable flood zone land). The unit mix is proposed to be 28.2% studio, 29.4% one-bedroom and 42.4% two-bedrooms. Final site plan approved, and site is ready for permit application. Water capacity and EDUs (Equivalent Dwelling Unit), wastewater capacity are available. The community may be accessed by residents from Fillmore Street, and a secondary emergency/fire access will be provided via an easement across the Summit Church parcel to the North, connecting to Roosevelt Street. Residents will enter the community at a gated entry with remote entry, minimizing wait time and queuing length at the main entry. The entrance is designed to accommodate three queued cars with any additional overflow entering the Fillmore dead-end cul-de-sac, not impacting through traffic. Additionally, the project will incorporate a pedestrian walking path along the western and northern edges of the property, connecting two community park areas and connecting via a gate to the future pedestrian path planned for the flood zone to the immediate east (on-site and to be constructed by others). The proposed pedestrian path is shown in green on the landscape plan below. The project was designed with a distinct Southwest Contemporary style with material and color selections that harmonize with the rich, warm colors of the Arizona desert and mountains. The building elevation designs will utilize roof line articulation and color diversity that will create an interesting interplay against our azure blue sky and Arizona’s famous sunsets. Like the elevations, the building footprints will utilize an articulation of wall surfaces, colors and materials plus covered patios to invite an exciting play of shades and shadows that move and change throughout day.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$26 USD /SF

# OF UNITS

510

PRICE/UNIT

$26,471

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Landing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.95 AC

LAND SF

782,011 SF

ZONING

-

APN/PARCEL ID

502-35-836

ASK ABOUT THIS PROPERTY

Michael FarrarMarcus & MillichapMore Info
480-231-0767

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Michael FarrarMarcus & MillichapMore Info
480-231-0767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.