Carvana plans to build a restoration and storage yard on 150 acres in Surprise

Carvana plans to build a restoration and storage yard on 150 acres in Surprise

 
Article Originally Posted By Phoenix Business Journal On September 30, 2021
 
 
 

Online car-retailer Carvana Co. will use the 150 acres it purchased in Surprise for a restoration and storage yard, NAI Horizon announced Thursday.

On Sept. 20, Carvana (NYSE: CVNA) closed on 150 acres on the northeast corner of Cactus and Litchfield Roads for $25 million from Orange, California-based Surprise/Dysart Properties LLC. Carvana also purchased a small parcel in Glendale on the corner of Loop 101 and 83rd Avenue near Bell Road.

The Surprise land sale was first reported by the Phoenix Business Journal.

Isy Sonabend, senior vice president for NAI Horizon, said Carvana could develop a building on the Surprise site and use it for light vehicle restoration and storage, but didn't have further details on the company's final plans.

"There's a lot they can do with it, and it's on major streets," he said.

Carvana hasn't responded to multiple requests for comment about its plans for the sites in Surprise and Glendale, but the company is known for its multiple-story car vending machines and vehicle inspection centers.

'The most shovel-ready site'

Sonabend said Carvana started looking for an available site about six or seven months ago. They started with about nine sites and narrowed it down to three before they chose the Surprise lot, he said.

Of the sites Carvana looked at with NAI Horizon, about three or four were in the West Valley while some were in the East Valley, according to Sonabend.

"We didn't pick it because of the specific geographic area, we went to find the best, most ready site, what had the best utilities," he said. "We were looking for the most shovel-ready site we could find."

The property that Carvana purchased is known as the Cactus Commerce Center, which was owned by a single family for decades. The 150 acres is rail-capable industrial land with planned area development overlay zoning for industrial employment, according to a listing for the site on LoopNet.

It also sits about three miles from Loop 303 and Northern Parkway and less than two miles from U.S. Route 60. It's a BNSF Railway certified rail site that is adjacent to another 150-acre certified site, Summit Business Park, and is nearby other corporate users such as Amazon, Japanese-owned IRIS USA and Southwest Products.