PHOENIX, ARIZONA (July 23, 2020) – NAI Horizon Senior Vice President Isy Sonabend and agent Drew Eisen represented a Chicago-based real estate investment and development company in the $4.4 million acquisition of an industrial building in Phoenix.
NAI Horizon represented Industrial Outdoor Ventures of Schaumburg, Illinois, in the purchase of the 48,000 SF building at 2600 W. McDowell Ave., in Phoenix.
“The buyer is an investor in freight and trucking terminals nationally,” Sonabend said. “This property will go through extensive modernization and will be offered for lease only. This is a diminishing product type. Due to the scarcity of this property type, we have already experienced a lot of interest.”
The 10-acre site with service and warehouse buildings is a freeway-friendly location in Central Phoenix. The property is a multi-building distribution facility 3.7 miles from Downtown Phoenix with 17 foot to 20 foot clear heights, roll down doors and drive-in/through service bays.
The secure and paved site features three street ingress, providing immediate access to Phoenix’s major freeways, I-10, I-17, and US Highway 60.
Industrial Outdoor Ventures is a Chicago-based real estate investment and development company that specializes in providing real estate solutions for heavier industrial uses in major markets throughout the U.S. The company is focused on creating value for its tenants, host communities and investors through the acquisition, and long-term ownership of mission-critical Industrial Service Facilities (ISF), which feature a significant outdoor storage component.
The seller was D. Thompson Properties of Portland, Oregon.
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 375+ offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro
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NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
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