PHOENIX, ARIZONA (September 2, 2020) – The sales of three office buildings, a self-storage facility and a retail building totaling $11.3 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Denise Nunez and Victoria Filice represented the seller, Lawhead Family, LLC; and secured the buyer, Vault at Riggs Road, LLC, in the $8.35 million investment sale of American Self Storage & Mail Center. The property is located at 12220 E. Riggs Road, Chandler, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega, Patrick Anthon and Laurel Lewis negotiated a sale of a 20,672 SF retail building representing the seller, Katz and Katz, LLC for $1.5 million. The property is located at 3216 E. Cactus Road, Phoenix, AZ. The buyer, Likey International Corp. was represented by Dave Freeman with HomeSmart.
Jay Mininberg, J.D. and Thomas Bean, CCIM negotiated the acquisition of a 2,824 SF office building representing the buyer, Valley Insurance Professionals, Inc. for $650,000. The property is located at 3402 N. 36th St., Phoenix, AZ. The seller, Simonson Building, Inc. was represented by Trenton McCullough with LevRose Commercial Real Estate.
Mike Myrick, CCIM negotiated a sale of a 2,098 SF medical office building representing the seller, Sudhakar Reddy for $547,500. The property is located at 1810 S. Crismon Road, Mesa, AZ. The buyer, Cheung and Liao, LLC was represented by Brett Ranta with AK Commercial Properties.
Joan Krueger negotiated the acquisition of a 1,360 SF office building representing the buyer, Dow Realty, LLC for $260,000. The property is located at 815 E. Warner Road, Chandler, AZ. The seller, Big 10 REI, LLC was represented by Langdon Bridges with J&J Commercial Properties, Inc.
Lease Transactions:
Troy Giammarco and Joe Pequeno represented the subtenant, Bright Health in a 59-month office sublease for 28,000 SF at 2120 Rio Salado Parkway, Tempe, AZ. The sublandlord, Varsity Tutor was represented by Ryan Bartos with JLL.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6GT, LLC in a 120-month retail lease for 2,100 SF at 5870 W. Thunderbird Road, Glendale, AZ. The tenant, Cruce Café, LLC was represented by Cole Shillne with CBRE.
Jay Mininberg, J.D. and Thomas Bean, CCIM represented the tenant, Technical Training Professionals, LLC in a 64-month office lease for 2,342 SF at 2929 E. Camelback Road, Phoenix, AZ. The landlord, CP62929, LLC was represented by Joe Vale, Tarryn Fountain and Greg McMillan with Cushman & Wakefield.
Laurel Lewis represented the tenant, Sapphire Media Group, LLC in a 65.5-month office lease for 3,247 SF at 9414 E. San Salvador, Scottsdale, AZ. The landlord, Signature Holdings Limited Partnership was represented by Chris Jantz with Cushman & Wakefield.
Matt Harper, CCIM represented the tenant, Litchfield Park Crossfit in a 65.5-month industrial lease for 6,210 SF at 9299 W. Olive Avenue, Peoria, AZ. The landlord, Mangat Investments I, LLC was represented by Chris Keeley with Phoenix Commercial Brokers.
Jeff Adams represented the tenant, Exhibits on Time, LLC in a 62-month industrial lease for 9,440 SF at 206 E. Main St., and 33 N. Hibbert St., Mesa, AZ. The landlord, Quaystone, LLC was represented by Brad Burress with Cutler Commercial.
Rick Foss and Jay Olson represented the tenant, John J. Fredizzi Trust in a 39-month industrial lease for 5,707 SF at 41780 N. Vision Way, Phoenix, AZ. The landlord, OAS Wholesale, LLC was represented by Jim Ryder with Capital Realty Advisors.
Laurel Lewis represented the tenant, PCB Group Sales Company, Inc. in a 39-month office lease for 2,435 SF at 4505 E. Chandler Blvd., Phoenix, AZ. The landlord, HHP Ahwatukee, LLC was represented by Joe Vale with Cushman and Wakefield.
Matt Harper, CCIM, represented the landlord, Hope Thunderbird Investments, LLC in a 38-month retail lease for 2,000 SF at 5145 W. Thunderbird Road, Glendale, AZ the tenant, Holland Center for Family Health, LTD. was self-represented.
Jeff Adams represented the tenant, MMKK, LLC in a 39-month industrial lease for 3,480 SF at 4602 E. Elwood Street, Phoenix, AZ. The landlord, LBA Reality Fund II-WBP, LLC was represented by Mike Goldwater with Commercial Properties, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Los Rios Farms, Inc. in a 36-month retail lease for 2,437 SF at 4705 E. Carefree Highway, Cave Creek, AZ. The tenant, Amoroso Visuals, LLC was self-represented.
Jeff Adams represented the tenant, QLED, LLC in a 39-month industrial lease renewal for 1,848 SF at 4602 E. Elwood St., Phoenix, AZ. The landlord, LBA Realty Fund II-WBP, LLC was represented by Mike Goldwater with Commercial Properties, Inc.
Matt Harper, CCIM, represented the landlord, Ed Rapee Family Trust in a 36-month retail lease for 1,400 SF at 515 E. Camelback Road, Phoenix, AZ. The tenant, Age of Aquarius, LLC was self-represented.
Matt Harper, CCIM, represented the landlord, Sayan 26 Investment Group, LLC in a 38-month retail lease for 1,200 SF at 4323 W. Cactus Road, Glendale, AZ. The tenant, Future Greats, LLC was self-represented.
Matt Harper, CCIM, represented both the landlord, 43rd Avenue, LLC and the tenant, New Grace House of Worship, a corporation in a 26-month retail lease for 2,000 SF at 9250 N. 43rd Ave., Glendale, AZ.
Tom Bean, CCIM, and Jay Mininberg, J.D. represented the landlord, Vintage Garden Properties in a 12-month lease renewal for 1,472 SF at 10240 W. Bell Road, Sun City, AZ. The tenant, DKAZ, LLC was self-represented.
Matt Harper, CCIM, represented the landlord, Elmo Tari Revocable Trust/LLMJ, LLC in a 3-month retail lease for 1,500 SF at 2150 E. Cactus Road, Phoenix, AZ. The tenant, EOS Fitness was represented by John Matthews with Echelon Realty Advisors.