PHOENIX, ARIZONA (April 28, 2021) – NAI Horizon represented JAM Apache Trail, LLC in the $2.34 million disposition sale of Apache Trail Marketplace, a 12,380 SF, multi-tenant retail property located at 2430 W. Apache Trail in Apache Junction, Arizona.
NAI Horizon Executive Vice President Lane Neville and Senior Associate Logan Crum represented the seller. The buyer, Olivia Pearl, LLC, was represented by Ghirardo Real Estate Group, Steve Ghirardo.
“Apache Trail Marketplace is a well-maintained and attractive property with longstanding tenants,” Neville said. “A unique attribute of this retail property is it is anchored by a strong medical tenant.
“Arizona Skin & Laser Therapy Institute, one of Arizona’s most renowned and regarded dermatology practices, occupies approximately 50 percent of the property with the longest lease term. Arizona Dermatology is a stabilizing force and a strong draw for the property,” Neville said.
Other key tenants include Cricket Wireless, Fatman’s Pizza and Kure Corp.
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.
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 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.
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.