Cushman & Wakefield’s National Industrial Advisory Group is pleased to present a joint venture equity investment opportunity on behalf of Becknell Industrial (“Becknell” or “the Sponsor”) for the development of The Junction at Chandler (“the Project”), a 183,505 SF Class A rear-load industrial building located in Chandler, AZ.

The infill site is strategically located half a mile from a full interchange on Interstate 10, providing direct access to downtown Phoenix, Phoenix Sky Harbor International Airport, I-17 and I-8, and offering excellent regional and national distribution capabilities. The Property is also approximately two miles from Loop 202 (AZ-202), offering convenient access to all major local interstates, further reinforcing the premier location of this land opportunity.

Becknell is under contract to acquire the 12.045-acre site (“the Property”), located at the southwest corner of North 56th Street and West Chandler Boulevard, for $16,325,000 ($31.011PLSF). Closing on the Property is scheduled for March 23, 2026.

The Property is currently zoned for industrial development (I-1), with all required approvals and permits expected to be obtained within four months of land closing. All the remaining approvals are anticipated to be administrative in nature, with no variance or public hearings required. Becknell anticipates receiving first-round comments from the City of Chandler prior to due diligence expiration and may receive second-round comments prior to closing, providing additional certainty around the permitting timeline. Vertical construction is targeted to commence in September 2026 with building completion in August 2027.

The Project’s total development cost is projected at $44.03 million ($239.94 SF). The Project offers an untrended return on cost yield of 6.75%, representing a ±150 Bps premium over current stabilized market capitalization yields. The Sponsor is targeting a 95% / 5% joint venture partnership, with a total equity investment of approximately $16.73 million.