PHOENIX, ARIZONA (Feb. 22, 2023) – NAI Horizon’s Church Realty Solutions practice represented the buyer in acquiring a well-known Phoenix Baptist church that opened in the 1970s.
NAI Horizon Senior Vice President Thomas Smith represented Phoenix Chin Bethel Church in the $1 million acquisition of church property at 3314 W. Rose Lane in Phoenix. Most recently, it was the Korean New Life Presbyterian Church.
“The acquisition of the church facilities will enable Phoenix Chin Bethel Church to have space to accommodate significant expansion of its church as well as now having a location in and around their Chin community,” Thomas said. “This transaction was an excellent example of having a team committed to helping a client purchase their ideal property.
“It began with great customer service by MidFirst Bank (Gregory Simpson), solid work by the three different engineering consultants, tireless efforts from our escrow and title team from Old Republic, and a cooperative seller’s broker. All collaborated to overcome obstacles and bring the deal to a successful closing,” Smith said.
The church property features a kitchen, security lighting, a security gate, dual street frontage, landscaping, and a building sign. The parking lot, which is fenced and paved, totals 75 spaces.
It sits on a 1.54-acre corner lot near the cross streets of 35th Avenue and Bethany Home Road. The property, built in 1973, totals 11,503 SF. It is less than one mile from the growing Grand Canyon University campus.
The sanctuary has seating for about 280 parishioners. The large fellowship hall and the attached kitchen allow for large functions. The education building (north building) provides ample classroom space for adult or child education.
“For me, the Church Realty Solutions practice is part business and part ministry and serves as my driving purpose to create and deliver world-class professional real estate services to communities of faith,” Smith said.
The seller was the First Southern Baptist Church of Phoenix. Earle Schroyer assisted in the transaction through an executive referral.
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 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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