Daum Commercial Real Estate Services has negotiated the $1.337 million sale of a three-acre improved industrial land parcel located at the northeast corner of 21st Street and University Drive in Phoenix.

Steve Bodeman with Daum Phoenix represented the buyers, Don and Mary Carlson, owners of Reliable Forklift Sales of Phoenix.

 The seller, Swaine Asphalt of Phoenix, was represented by Matt Hobaica of Lee & Associates in Phoenix.

Reliable Forklift Sales is doubling in size and relocating from 3652 E. Chipman Road in Phoenix. The buyers plan to add a 15,000-square-foot warehouse building to the new site for a sales, services and rental center for the forklift company. The industrial parcel is currently home to a 2,000-square-foot office building and a 4,000-square-foot steel industrial shop, which Reliable Forklift Sales will also occupy.

Daum Commercial Real Estate Services specializes in industrial and office properties throughout metro Phoenix. Daum Phoenix has successfully sold and leased millions of square feet in industrial and office buildings, and land. Headquartered in Los Angeles, Daum is California’s oldest and most experienced commercial real estate brokerage company. Daum is an affiliate of ONCOR International, a premier global commercial real estate referral network comprised of more than 50 independent commercial real estate partner brokerages in 32 countries.