ACD PURCHASES LAND IN BUCKEYE, ARIZONA
Denver, CO — Armstrong Capital Development (“ACD”) today announced the acquisition of a 4.29-acre land parcel for development in the Phoenix submarket of Buckeye, Arizona for $3.4 million. ACD plans to complete the development of a new self-storage facility at the site.
Located on Watson Road at the north end of the Sundance District, the City of Buckeye’s commercial core, the site enjoys centralized proximity to a vibrant, high-growth trade area and freeway visibility with direct I-10 interchange access.
“We are excited to be a part of what has been an extraordinary story of growth in Buckeye and across the West Valley,” said Bryan Armstrong, Partner at ACD. “Consistent with our self-storage portfolio, we intend to provide the community with a best-in-class amenity that achieves highest and best use at the site and optimizes customer experience. We look forward to breaking ground in 2023.”
Plans for the site include four, Class-A single-story buildings containing a combined 551 self-storage units and totaling approximately 94,000 square feet. The facility is expected to offer a mix of indoor climate-controlled units as well as traditional non-climate-controlled drive-up units.
Founded in 2005, Armstrong Capital Development is a Denver-based private development company that acquires, develops and manages commercial real estate investments in the Intermountain West, with a focus on both value-add and stabilized core assets. More on ACD at www.ACD-CO.com.