PHOENIX, ARIZONA (July 15, 2024) – NAI Horizon facilitated the $1.224 million disposition of an industrial building in the Deer Valley submarket, an asset that sits 9 miles from the Taiwan Semiconductor Manufacturing Company plant in North Phoenix.
NAI Horizon’s Jay Mininberg, J.D., represented the seller, MM2 Myrtle, LLC, of Phoenix, in the disposition of Deer Valley Business Center II, 1745 W. Deer Valley Road, Suite 108, Phoenix. The industrial property totals 4,000 SF.
“It was a highly sought-after asset, The buyer submitted an aggressive offer with like terms,” Mininberg said.
Built in 2005 and renovated in 2022, Deer Valley Business Center II is a two-story owner-user flex warehouse office in the highly sought-after Deer Valley Airpark.
The buyer is an owner-user, J. Charles Hakala and Laurie Marr Hakala, Trustees of the Hakala Living Trust. The buyer was represented by Zak Kottler and Joe Cosgrove with LevRose Commercial.
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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