Olive Crossing, 9250 N. 43rd Ave., in Glendale, Arizona

    PHOENIX, ARIZONA (August 11, 2022) – NAI Horizon represented the seller and the buyer in the $3.95 million disposition and acquisition of a popular and well-maintained retail center on bustling 43rd Avenue in Glendale, Arizona.

NAI Horizon Managing Director Matt Harper, CCIM, facilitated the deal for Olive Crossing, 9250 N. 43rd Ave., in Glendale.

The seller was 43rd Ave LLC; the buyer was Arizona MSK LLC and Gavin Holdings LLC.

“This is the first time the property was available and offered for sale on the market in more than 30 years,” Harper said. “I have worked with the seller on the property leasing since 2016. The buyer was another long-time client that was in a 1031 Exchange. I have worked on leasing the buyer’s properties since 2015.”

Olive Crossing features visible location with strong traffic counts, a large end-cap fronting 43rd Avenue, monument signage, and covered parking for tenants. The retail center totals 30,040 SF.

Tenants include Cardenal Stereo, State Farm Insurance, Glendale Pawn, and Joni’s Hair.

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.