Department Of Homeland Security Acquires Surprise Pointe Commerce Center In Surprise For $70M

The asset involved in this transaction is the Surprise Pointe Commerce Center, located at 13290 West Sweetwater Avenue in Surprise, Arizona. The Department of Homeland Security has acquired this industrial property, encompassing a total square footage of 418,000. The sale price for this all-cash deal is reported to be $70,000,000, which translates to a price per square foot of $167.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $70,000,000
• Buyer: Department of Homeland Security
• Address: 13290 West Sweetwater Avenue
• Market: Surprise, AZ
• Square Footage: 418,000
• Price Per Square Foot: $167

This transaction was facilitated by the collaboration between the Department of Homeland Security and ICE, underscoring the strategic importance of the property acquisition for their operational needs.