PHOENIX, ARIZONA (May 16, 2022) – NAI Horizon represented the seller in the disposition of two parcels of land and an industrial building, which the City of Maricopa, Arizona, plans to utilize as a facilities works yard.
NAI Horizon First Vice President Michael Gaida represented DRA LLC of Maricopa in the deal which fetched $2.4 million. The transaction includes an 18,000 SF building on 2.5 acres at 32240 W. Bud Road. It also includes an adjacent vacant 2.51 acres to the North for a total of 5.01 acres.
“Available industrial land with this many buildings in the Maricopa/Gila Bend market is nearly impossible to find,” Gaida said. “The City of Maricopa has been actively searching for a location like this for several years.
“The property comes with a lot of machining equipment and powder-coating spray booths and dryers. The city will be able to securely park, service, and repair its fleet of vehicles, light and heavy equipment, with ample storage for all future Pinal County expansion projects,” Gaida said.
The City of Maricopa will occupy the building, which formerly housed Alpha Tech Coatings. The property will ultimately save taxpayer dollars over time as Maricopa continues to expand.
The investment highlights include Ak-Chin airport access, on-site living quarters, a security system, and storage space. The building was constructed in 1996 and renovated in 2003.
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.