PHOENIX, ARIZONA (September 30, 2021) – NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen represented the buyer, Tempe-based Carvana, in the $25 million purchase of 148 acres in Surprise, Arizona.
The land is at the NEC of Litchfield and Cactus roads in the Cactus Commerce Center. It has been owned by the Nitta family for decades, according to LoopNet.
Carvana is a leading e-commerce company that sells used cars through an easy-to-use technology platform. The purchase in Surprise comes about a month after Carvana closed on 3 acres on the corner of Loop 101 and 83rd Avenue near Bell Road in Glendale.
“Carvana is making a strong statement in Phoenix with its current acquisitions,” Sonabend said. “The site will be developed into a restoration and storage yard.”
Surrounding land sites in Surprise are home to Crescent Crown, Amazon, MLily and numerous Fortune 500 companies.
“We pursued several sites. However, the location of the Cactus Commerce Center and surrounding utilities provide a quick pathway to development,” Sonabend said.
The seller, Surprise/Dysart Properties of LLC of Orange, California, was represented by Tony Lydon with JLL.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
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NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
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