PHOENIX, ARIZ. (April 23, 2024) – NAI Horizon represented the landlord in long-term leases for a pair of users, an auto resale company, and an auto repossession firm. The site at 4124 N. 6th Drive, in Phoenix, is a 3,600 SF industrial/retail building on a small lot and a second lot totaling 1.3 acres of completely fenced land.
NAI Horizon First Vice President Troy Giammarco and Vice President Joe Pequeno represented F&R 7th Ave Properties of Los Angeles in the building lease. The tenant is Auto Partners LLC of Phoenix. NAI Horizon represented the same landlord in the land lease. The tenant is Select Asset Recovery Group LLC.
“It’s rare to find two adjacent properties with the physical characteristics of these two,” Giammarco said. “We had been working with tenant representative on another deal on a piece of land which fell through. From start to finish, the deals were turned around in 2 1/2 weeks. The new tenants already had possession of the property.”
The industrial/retail property was built in 1964 and is centrally located between uptown and midtown Phoenix.
Auto Partners and Select Asset Recovery Group were represented by Chad Ackerley with Commercial Properties, Inc.
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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 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 throughout the world.
NAI Global provides a complete range of corporate and institutional 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. To learn more, visit www.naiglobal.com.
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