JLL Capital Markets announced today the sale of Blue Cactus Logistics, a 258,075-square-foot, Class A industrial building in Surprise, Arizona.
JLL represented the seller, BlueScope Properties Group, in the sale.
Completed in August 2024, Blue Cactus Logistics is a state-of-the-art industrial facility featuring 32-foot clear heights, 24 dock-high positions (expandable to 46), two drive-in doors with electric vertical lifts, a 216-foot truck court and capacity for 86 trailer stalls. The property sits on a 26-acre site with modern logistics specifications including ESFR sprinklers and 3,000-amp power service. Blue Cactus Logistics is fully leased to Tricolor Auto Group, a mission-driven company that provides affordable, credit-building auto loans to underserved markets.
The property is strategically located at 13400 W. Cactus Road in the rapidly growing Loop 303 Corridor, just 3.8 miles from a full-diamond interchange at Cactus Road and Loop 303, and three miles north of Luke Air Force Base. Its prime position provides excellent connectivity to major transportation arteries serving Phoenix and the broader Western U.S., with Los Angeles and San Diego accessible within a 5.5-hour drive.
The JLL Capital Markets Investment Sales Advisory team was led by Senior Director Greer Oliver, Senior Managing Director Ben Geelan and Associates Connor Nebeker-Hay and Bryce Beecher. The local market leasing efforts were handled by JLL’s Executive Vice President John Lydon, Vice Chairman Tony Lydon and Vice President Kelly Royle.
“Blue Cactus Logistics is a testament to our commitment to delivering best-in-class facilities in high-growth corridors,” said Matt Roth, President of BlueScope Properties Group. “From its strategic location to its modern design and strong tenancy, this project reflects our focus on creating long-term value for our partners and the communities we serve.”
“The West Valley continues to demonstrate its status as one of the nation’s premier industrial corridors, offering unparalleled connectivity to California markets, a business-friendly climate with one of the lowest flat tax rates in the nation and access to a skilled labor force,” added Oliver. “The strategic position of assets like Blue Cactus Logistics along the Loop 303 Corridor exemplifies why companies choose Phoenix’s West Valley for their distribution and logistics operations, leveraging both our modern infrastructure and Arizona’s critical role in the growing nearshoring trend between the U.S. and Mexico.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
