PHOENIX, ARIZONA (January 19, 2021) – NAI Horizon represented the seller in the $1.4 million investment sale of a medical office building in the growing West Valley.
NAI Horizon Senior Vice President Troy Giammarco and Agent Joe Pequeno represented Avondale Medical Campus, LLC of Glendale, Arizona, in the sale of 18001 N. 79th Ave., Building E, in Glendale.
Building E totals 6,800 SF. The asset is located in the heart of Glendale and Peoria’s Arrowhead neighborhood. It features tremendous traffic counts and strong demographics. It is minutes to Loop 101 off of Union Hills or Bell roads and adjacent to Arrowhead Mall.
“We worked diligently through the holidays with the buyer’s in-house broker,
Robert Buzan, to complete all the inspections in order to close before the end of the year,” Giammarco said. “We now have just the C building left for sale.”
Medical office investment sales volume increased 250 percent during 3Q 2020. Medical office median price PSF finished the quarter at $233, a 9.4% increase year-over-year.
The buyer was NYYX 2 LLC of Chandler, Arizona.
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.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
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.
To learn more visit: www.naiglobal.com.