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8700 N Sarival AveWaddell, AZ 85355
303 Crossroads
Asset ClassIndustrial
Brand New, Best-In-Class Industrial Building | ±733,850 SF | 100% Leased to Scotts Miracle-Gro - A Publicly Traded Company | 10 Year Lease | Irreplaceable Loop 303 Freeway & Northern Parkway Frontage
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer an exceptional opportunity to acquire 303 Crossroads (“the Property” or the “Project”), a newly delivered Class A industrial facility located within the highly regarded Loop 303 distribution corridor in Glendale (Phoenix), Arizona. Completed in 2024, the ±733,850 SF cross-dock facility is 100% leased to The Scotts Miracle-Gro Company (NYSE: SMG), a publicly traded company, with a 10 year lease term (6/1/2026 commencement) and 3.25% annual rent escalations. The in-place rent is approximately 12% below-market.

 

The Property features institutional-quality specifications designed to support high-volume distribution operations, including 40-foot clear height, a fully HVAC warehouse, 138 dock-high doors (104 dock packages), five grade-level doors, ESFR sprinkler system, and a gated and secured 195-foot-deep concrete truck court. Additional features include 6,000 amps of 277/480-volt power (expandable to 12,000 amps), energy-efficient LED lighting, concrete drives, 391 car parking spaces, and 140 trailer parking positions, offering a highly functional and scalable operating environment for modern logistics users.

 

The Scotts Miracle-Gro Company is the leading marketer of branded consumer lawn and garden products in North America, with a portfolio of widely recognized brands including Scotts, Miracle-Gro, Ortho, and Tomcat. Founded in 1868, the company generates approximately $3.4 billion in annual revenue and maintains a national distribution platform serving major retailers and end consumers across the United States. As a publicly traded company with over a century of operating history, Scotts Mircale-Gro represents a scaled, established corporate tenant with a consistent presence across key consumer product channels. SMG has a current market cap of approximately $3.99B.

 

Strategically positioned with direct frontage along Loop 303, the Property benefits from unmatched visibility and immediate access to one of the nation’s fastest-growing bulk distribution corridors. The surrounding area is home to a concentration of prominent corporate users and national logistics operators, reinforcing the corridor’s role as a critical hub for regional and Western U.S. distribution. Continued population growth, a deep and expanding labor pool, and efficient connectivity to major transportation infrastructure have driven sustained tenant demand in the submarket.

 

The Property’s modern design, credit tenancy, and location within a supply-constrained, high-growth logistics corridor position it as a compelling investment opportunity in one of Metro Phoenix’s most active industrial markets.

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8700 N Sarival AveWaddell, AZ 85355

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