Newmark
Listed by Newmark - Phoenix, Newmark
Unpriced
SWC McQueen Rd & Loop 202
Details
APN 303-28-027J
Property Type Land
Sub Type Commercial, Industrial
Acreage 6.000
Zoning Chandler, AG-1
Ownership Fee Simple
SWC McQueen Rd & Loop 202, Chandler, AZ 85286
Marketing description
Newmark proudly presents a fee simple land opportunity for developing a premier 6-acre parcel in Chandler, Arizona. Owned by a private individual, this site offers an exceptional chance to collaborate directly with the decision maker in maximizing its potential.
The Property is ideally positioned for industrial development, with proximity to key amenities and immediate access to the Chandler Airport. This area continues to see robust population and business growth, further bolstered by Intel Corporation's Ocotillo Campus, who recently invested $32 billion to build Fab 52 and Fab 62. With incredible visibility and access off of Loop 202, the Property is primed for diverse development uses.
Investment highlights
- Strategic Infill Redevelopment Opportunity in South Chandler - This prime 6-acre property is located directly off the Loop 202 and McQueen Rd, near Chandler Municipal Airport. This area has seen consistent population growth over the last few decades, with a 15% increase in population from 2010-2020.
- Robust Economic and Demographic Advantages - Within a 3-mile radius, the area boasts an impressive average household income exceeding $115,000, and over 55% of the population holds a college degree. These demographics are favorable for commercial and industrial developments, ensuring a steady supply of skilled labor and affluent consumers.
- Proximity to Major Business and Entertainment Hubs - This area has seen substantial business and entertainment growth, with Intel investing over $32 billion to expand its Ocotillo campus with two new fabs. Also, Macerich made recent announcements to redevelop Chandler Fashion Center as the East Valley's premier retail destination.
- Exceptional Transportation Access - The property is ideally positioned with direct access to the Loop 202 freeway via a full diamond interchange at McQueen Rd and Loop 202, facilitating seamless logistics and transit throughout the region.
- Access to a Diverse Pool of Industrial Tenants - The existing presence of Intel Corporation and proximity to Chandler Municipal Airport provides a strong foundation for industrial projects, leveraging Intel's established manufacturing capabilities and existing infrastructure to facilitate entitlement processes and tenant attraction.
- Ideal Conditions for Light Industrial Development - The Chandler industrial submarket, where the property is located, features a blend of smaller bay, infill properties, and larger distribution properties. Within a 7 mile radius, excluding larger facilities, the submarket shows a 5.9% vacancy rate for properties under 100K SF per CoStar data. Despite previous overbuilding near the Mesa Gateway Airport, new construction starts have sharply declined, with only 462K SF under construction in a 36.2 million SF market — a sign of future supply constraints and increased land value.
- Asking Price Unpriced (Call Broker for Details)
Listing Contacts
Newmark
Listed by Newmark - Phoenix, Newmark
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