PHOENIX, ARIZONA (September 20, 2021) – NAI Horizon’s Investment Services Group represented Structured REA-3080, LLC (Stephen Doyle, Principal, Structured Real Estate) in the $8.2 million ($353 per SF) disposition sale of 3080 N. Civic Center Plaza.
The 23,240 SF, multi-tenant, Class-A office property is located in the Old Town area of Scottsdale, Arizona, at the SWC of Civic Center Plaza and Earll Drive.
NAI Horizon Executive Vice President Lane Neville, Senior Associate Logan Crum and Agent Cole Neville represented the seller. The buyer, GMCW, LLC (Jason Mitchell, Principal), was represented by Tony Werstler with The Jason Mitchell Group.
“The asset is a very unique and one-of-a-kind office property that was originally built as a church in the late 1940s. The property was completely re-developed by the seller a few years ago and repurposed to high-end office space,” Neville said. “The luxury build-out, high-vaulted ceilings with original wood beams left in place create a breathtaking creative office environment.”
A related entity of the buyer will be leasing about half of the turnkey space.
“The Jason Mitchell Group, the new tenant, was recently touted in the Phoenix Business Journal as No. 1 Residential Real Estate Brokerage team in Arizona. The property is 100% occupied and has two tenants. The existing tenant in the building is a large publicly traded, online insurance company,” Crum said.
The NAI Horizon Investment Services Group specializes in the sale and valuation of office and retail properties throughout the Phoenix MSA.
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.