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8/11/26
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CapRock Partners has acquired Summit at Surprise, a newly completed 244.8k sf Class A industrial warehouse property in Surprise, AZ. The price was not disclosed.
Summit at Surprise consists of two freestanding industrial buildings on two parcels totaling 16.95 acres. Building A spans 79.2k sf and Building B totals 165.6k sf. The property was approximately 15% leased at the time of acquisition, with CapRock actively marketing the remaining available space to industrial, manufacturing and logistics users seeking move-in-ready facilities in the rapidly expanding West Valley.
Located at 12460 and 12730 N Dysart Rd, Summit at Surprise provides quick access to Loop 303, Loop 101 and Northern Pkwy, offering efficient connectivity throughout the Phoenix metropolitan area and the broader Southwest. The property is surrounded by significant residential and commercial growth, well-suited for manufacturers, distributors, logistics providers and other industrial users throughout the region.
Both buildings are divisible to accommodate multiple tenants and feature institutional-quality specifications, including 32-foot clear heights, ESFR fire sprinkler systems, secured truck courts, LED lighting, warehouse air conditioning, dock levelers and move-in-ready speculative office suites.
Building A includes approximately 2k sf of office space, 20 dock-high loading doors, two grade-level doors, 132 parking spaces and 2,000 amps of electrical service. Building B features approximately 1.9k sf of office space, 47 dock-high loading doors, four grade-level doors, 244 parking spaces and 3,000 amps of electrical service.
“Summit at Surprise is a high-quality industrial asset in a submarket where we continue to see strong tenant demand and long-term growth potential," said Bob O'Neill, executive vice president at CapRock Partners. "The property provides the opportunity to create value immediately through leasing while offering tenants modern, move-in-ready space that can support their operations.”
Summit at Surprise was purchased at an attractive basis from institutional investors. The acquisition was facilitated by Kirk Kuller, Callahan Conway, Bo Mills and Courtney Webb of KBC Advisors. Leasing for the property is led by John Lydon and Nicole Marshall of JLL.
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