Updated Aug 13, 2026
JLL Income Property Trust Acquires Industrial Asset In Surprise AZ For $140 Million
303 Crossroads
$140,000,000
Units
1,014,493
Asset Type
Industrial
Closing
Aug 22, 2025
About this deal
AI
The property asset involved in this transaction is an industrial unit located at 303 Crossroads, Surprise, AZ. The transaction took place on August 22, 2025, with a total price of $140,000,000.00 for the asset, which encompasses 1,014,493 square feet.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $140,000,000.00
- Address: 303 Crossroads
- Market: Surprise, AZ
- Units: 1,014,493
- Buyer: JLL Income Property Trust
The key individuals involved in this transaction represent JLL Income Property Trust as the buyer. Their involvement signifies the transaction's execution, contributing to the successful closing of this industrial asset deal.
Players
Glendale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93