SCOTTSDALE, AZ — November 21, 2025 — A 43,735-square-foot Class A industrial building situated on nearly 10 acres in Surprise, Arizona, has sold for $10,300,000, reflecting a price of $235.51 per square foot. The transaction, which closed on November 21, 2025, underscores the sustained investor appetite for premium industrial product in Phoenix's rapidly expanding West Valley corridor.
Max Schumacher, SIOR, and Patrick Sheehan of the Sheehan | Schumacher Industrial Team at Rein & Grossoehme Commercial Real Estate provided landlord representation in the transaction.
Key Highlights
- Sale Price: $10,300,000
- Building Size: 43,735 SF
- Price Per Square Foot: $235.51
- Land Area: 9.97 acres (approximately 434,293 SF)
- Property Type: Class A Industrial
- Location: 13359 W Willow Ave, Surprise, AZ
- Close Date: November 21, 2025
- Representation: Landlord representation by the Sheehan | Schumacher Industrial Team at Rein & Grossoehme Commercial Real Estate
Transaction Overview
The sale of 13359 W Willow Ave represents a significant data point for Class A industrial valuations in the Surprise submarket and the broader West Valley. At $235.51 per square foot, the transaction reflects the premium pricing that institutional-quality industrial product continues to command across the Phoenix metropolitan area.
"This sale demonstrates the strength of demand for Class A industrial in the West Valley," said Max Schumacher, SIOR, of Rein & Grossoehme Commercial Real Estate. "Surprise has emerged as one of the most active submarkets in the Phoenix metro for industrial investment, driven by infrastructure improvements, population growth, and a deepening labor pool."
The property's 9.97-acre site provides a substantial land-to-building ratio of approximately 9.9:1, offering significant operational flexibility and potential future expansion capacity — a characteristic that continues to drive premium valuations in the Phoenix industrial market.
Deal Metrics Summary
| Metric | Value |
|---|---|
| Sale Price | $10,300,000 |
| Building SF | 43,735 SF |
| Price / SF | $235.51 |
| Land Area | 9.97 acres (~434,293 SF) |
| Land-to-Building Ratio | ~9.9:1 |
| Implied Land Value / Acre | ~$1,033,099 |
| Property Classification | Class A Industrial |
| Submarket | Surprise, AZ (West Valley) |
West Valley Industrial Market Context
The West Valley has been one of the most consequential stories in Phoenix industrial real estate over the past several years. Surprise, Goodyear, Buckeye, and surrounding communities have attracted billions of dollars in industrial development, anchored by major logistics operators, advanced manufacturers, and semiconductor supply chain tenants.
According to Patrick Sheehan of the Sheehan | Schumacher Industrial Team, "Class A product with generous land positions in the West Valley is increasingly difficult to source. Investors and owner-users alike recognize the long-term value proposition of this corridor, and pricing continues to reflect that conviction."
Several factors are supporting sustained demand in the Surprise submarket, including proximity to Loop 303 and the expanding regional freeway network, the continued buildout of the TSMC semiconductor campus in nearby North Phoenix, and strong municipal incentive programs designed to attract industrial employers.
The $235.51 per square foot achieved at 13359 W Willow Ave positions this transaction at the upper end of recent West Valley Class A industrial sales — a signal that investor confidence in the submarket remains robust heading into 2026.
About the Sheehan | Schumacher Industrial Team
The transaction was brokered by Max Schumacher, SIOR, and Patrick Sheehan, who together lead one of the most active industrial landlord representation teams in the Phoenix market. The team's focus on industrial landlord representation across Phoenix's key submarkets provides clients with specialized market intelligence and a track record of maximizing asset value through strategic positioning and execution.
About Rein & Grossoehme Commercial Real Estate
Rein & Grossoehme Commercial Real Estate (RGCRE) is a full-service commercial real estate brokerage based in Scottsdale, Arizona. The Sheehan | Schumacher Industrial Team, led by Patrick Sheehan and Max Schumacher, SIOR, specializes in industrial landlord representation across the Phoenix metropolitan area, with deep expertise in Industrial Outdoor Storage (IOS), single-tenant industrial, and multi-tenant flex properties. With over $525 million in total transaction volume, the team ranks among the top industrial brokerage teams in the Phoenix market.