PHOENIX, ARIZONA (March 8, 2021) – NAI Horizon represented the seller in the $4.57 million disposition of 10 acres of prime industrial land in the highly sought-after Phoenix Sky Harbor International Airport submarket.
NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen represented 4 P’s LLLP of Peoria, Arizona, in the sale. The buyer was Phoenix-based ViaWest Group, which plans to develop the site with a Class A industrial building, to be known as Airport48 Industrial.
NAI Horizon will handle the marketing and leasing of the project.
“In the new and growing economies, this location, with direct access into Sky Harbor International Airport, and minutes to the I-10, Loop 202, I-17 and Superstition Freeway, provides users unparalleled access to all corners of the Valley,” Sonabend said. “ViaWest Group has, and is developing numerous Class A Industrial properties successfully throughout the Valley. ViaWest Group will construct a state-of-the-art facility to serve an eager submarket appetite.”
The land is situated in the heart of the Metro Phoenix freeway system at 3232 S. 48th St., in Phoenix. It is zoned for industrial use and is in close proximity to SR 143 and Interstate 10 with three full-diamond interchanges within a few miles. The parcel is in an opportunity zone.
Construction on the industrial building is scheduled to begin in 2021 with a completion date of early 2022.
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.