Patrick Daniels Of CapRock Partners Acquires Summit At Surprise Industrial Campus For $37.5M

The industrial asset involved in the transaction comprises two buildings located at 12460 North Dysart Road and 12730 North Dysart Road in Surprise, Arizona. The total property spans 17 acres and features a total square footage of 244,847. The transaction was executed at a price of $37,500,000, translating to a price per square foot of $153.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $37,500,000
• Market: Surprise, AZ
• Acres: 17
• Square Feet: 244,847
• Price Per Square Foot: $153
• Buyer: Patrick Daniels - CapRock Partners
• Seller: Velocis
• Brokers: Kirk Kuller, Callahan Conway, Bo Mills & Courtney Webb - KBC Advisors

CapRock Partners acquired the newly completed Summit at Surprise industrial campus from Velocis, expanding its portfolio in the Phoenix area. At the time of closing, the property was 15% leased with KBC Advisors facilitating the transaction and JLL managing leasing operations.