NAI Horizon closes 5 land sales totaling $10.7M for 38 acres

Above: NAI Horizon closed a land deal for the southwest corner of Loop 202 and Cooper Road. Real Estate | 17 Aug |

Five land sales totaling $10.7 million for 38 acres highlighted recent deals closed by NAI Horizon professionals. The $1.82 million sale of an office building, the $1.4 million sale of an industrial building, and $1.2 million sale of a retail building were additional asset highlights.

Sale Transactions:

Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of ±10.2 acres of land representing the seller, DDC Hotels, Inc. for $4.885 million. The property is located at the SWC of Loop 202 and Cooper Road, Chandler, AZ. The buyer, Prop Thirteen, LLC was represented by Greg Laing with Phoenix Commercial Advisors.

Laurel Lewis negotiated the sale of ±8.63 acres of land representing the buyer, Cabana Southern, LLC for $3.8 million. The property is located at Southern Avenue and Crismon Road in Mesa, AZ. The seller, Sunny Acres, LLC and Montgomery 320, LLC was represented by The Real Estate Office of Rick Brandt.

Kevin Higgins negotiated the sale of a 11,195 SF office building representing the buyer, Bogle Acquisitions, LLC for $1.82 million. The property is located at 7243 N. 16th St., Phoenix, AZ. The seller, American Associated Pharmacies was self-represented.

Rick Foss negotiated the sale of a 12,889 SF industrial building representing the buyer, GRPRE, LLC for $1.4 million. The property is located at 17643 N. 25th Ave., Phoenix, AZ. The seller, CORGEOS, LLC was self-represented.

Christopher Lewis negotiated the sale of a 3,400 SF retail building representing the seller, Spyglass Desert, LLC for $1.2 million. The property is located at 10835 S. 48th St., Phoenix, AZ. The buyer, N3 Property Advisors, LLC was self-represented.

Don Morrow and Dylan Whitwer negotiated the sale of 5 acres of land representing the buyer, GTX Transportation for $1.095 million. The property is located at 14575 W. La Estrella, Goodyear, AZ. The seller, Arizona Isotopes was represented by Andy Cloud with Cushman & Wakefield.

Matt Harper, CCIM negotiated the sale of a 2,936 SF retail building representing the seller, Michael Jonas for $575,000. The property is located at 9231 W. Grand Ave., Peoria, AZ. The buyer, Examica, LLC was represented by Andrea Davis with Andrea Davis CRE.

Troy Giammarco and Joe Pequeno negotiated the sale of a 3,200 SF industrial building representing the seller, Dougherty Family Trust, LLLP for $500,000. The property is located at 8925 W. Larkspur Dr., Peoria, AZ. The buyer, SFE Holdings, LLC was represented by Shawn Wood with Arid State Land and Ag Associates, LLC.

Christopher Lewis negotiated the sale of 9.24 acres of land representing the seller, Tandem Leasing, Inc. for $500,000. The property is located off of Battaglia Drive  and Davidson Street in Eloy, AZ. The buyer, THJD Holding, LLC was represented by Chad Neppl with Citywide Commercial

John Filli, SIOR negotiated the sale of 5 acres of land representing the seller, Fieldbrook Payson Partners, LLCA for $455,001. The property is located near the intersection of SR 87 and Malibu Drive in Payson, AZ. The buyer, Christofer J. Martin was self-represented.

Troy Giammarco and Joe Pequeno negotiated the sale of a 3,200 SF flex building representing the seller, BO-Z Properties, LLC for $410,000. The property is located at 9299 W. Olive Ave., Peoria, AZ. The buyer, SFE Holdings, LLC was self-represented.

Matt Harper, CCIM negotiated the sale of a 5,620 SF retail building representing the buyer, EMIP, LLC for $300,000. The property is located at 6333 N. 59th Ave., Glendale, AZ. The seller, James L. Hawkins was represented by Jason Miszuk with Realty One Group.

Michael Gaida negotiated the sale of a 53,579 SF boat storage and repair facility representing the seller, Pat Billotte for $275,000. The property is located at 27 Capel Road, Roosevelt, AZ. The buyer, Lucky Wives Boat Storage, LLC was self-represented.

Michael Gaida negotiated the sale of the iconic Duke’s Photography business representing the seller, Darrell Duke for $75,000. The buyer, FirstFed Central, LLC was self-represented.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the tenant, JDS Industries in a 91-month industrial lease for 63,966 SF at 9191 W. Buckeye Road, Tolleson, AZ. The landlord, CRP/MarWest was represented by Gary Anderson with Cushman & Wakefield.

Isy Sonabend and Drew Eisen represented the tenant, Elliot Electric Supply, Inc. in a 127-month industrial lease for 13,000 SF at 1205 N. Elideo Felix Jr Way, Avondale, AZ. The landlord, BHRP OZ JV II, LLC was represented by Mike Gilbert with Cushman & Wakefield.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Karl’s Midvale in a 60-month retail lease for 6,000 SF at 4210 S. Arizona Ave., Chandler, AZ. The tenant, Ocotillo Four Investments, LLC was represented by Soly Lanciano with ITARA, LLC.

Mike Kumelski represented the tenant, G.O.A.T. Haircuts – Gilbert Warner, LLC in an 84-month retail lease for 1,500 SF at SEC of Gilbert and Warner, Gilbert, AZ. The landlord, Gilbert Warner, LLC was represented by Brent Mallonee with Cushman & Wakefield.

Mike Kumelski represented the tenant, G.O.A.T. Haircuts in an 88-month retail lease for 1,493 SF at 4747 E. Bell Road, Phoenix, AZ. The landlord, Tatum Venture, LLC was self-represented.

Matt Harper, CCIM represented the tenant, Stepping Stone Adult Development Center, LLC in a 60-month retail lease for 4,922 SF at 12228 N. Cave Creek Road, Phoenix, AZ. The landlord, Hampton Plaza, LLC was represented by Kyle Davis with CPI.

Dylan Whitwer and Don Morrow represented the tenant, Key Retirement Solutions in a 60-month office lease for 2,159 SF at 1090 S. Gilbert Road, Gilbert, AZ. The landlord, B.H. GTS, LLC was represented by Bruce Suppes with CBRE.

Matt Harper, CCIM represented the landlord, Yee Legacy II, LLC in a 60.5-month retail lease for 1,610 SF at 18914 E. San Tan Blvd., Queen Creek, AZ. The tenant, The Ace Mulligan Company, LLC was self-represented.

Isy Sonabend and Drew Eisen represented both the tenant, Shay’s Billiard Supply & Service, LLC and the landlord, Arizona Industrial Properties in a 16-month industrial lease for 4,400 SF at 5052 S. 40th St., Phoenix, AZ.

Lori Kahn, MBA represented the tenant, The Trading Card Club, LLC in a 39-month retail lease for 1,400 SF at 745 N. Gilbert Road, Gilbert, AZ. The landlord, Freanel & Son Gilbert, LLC was represented by Kevin Jarand and David Jarand with Avison Young.

Joan Krueger represented the tenant, Cathy Thomas dba Curves, LLC in a 23-month office lease for 1,222 SF at 538 S. Gilbert Road, Gilbert, AZ. The landlord, Mountain West Assets, LLC was represented by Linda Robbins with Avison Young.

Jennifer Loehnert represented the tenant, Dr. Grady Donohoe in a 36-month retail lease for 1,920 SF at 1914 W. Power Road, Mesa, AZ. The landlord, Inman Enterprises, LLC was represented by Nathan Cardon with Cardon Commercial.

Laurel Lewis represented the tenant, Craig W. Penrod, PC in a 12-month office lease renewal for 1,885 SF at 301 W. Warner Road, Tempe, AZ. The landlord, Simone Warner Courtyards, LLC and Warner Park 3030, LLC were self-represented.

Joe Pequeno and Troy Giammarco represented the landlord, Steve Iskhakov in a 36-month office lease for 984 SF at 4433 N. 19th Ave., Phoenix, AZ. The tenant, Oasis Psychological Services, PLLC was self-represented.

Jennifer Loehnert represented the tenant, Phoenician Junk Haulers, Inc. in a 36-month industrial lease for 1,200 SF at 2105 S. Hardy Drive, Tempe, AZ. The landlord, Hardy Business Park, LLC was represented by Eric Jones and Leroy Breinholt with J&J Commercial Properties.

Don Morrow and Dylan Whitwer represented the landlord, Broadway Plaza, LLC in a 25-month office lease for 823 SF at 1270 E. Broadway Road, Tempe, AZ. The tenant, AIRA, LLC was self-represented.

Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, Sun City Professional Building in a 12-month office lease for 258 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Young Drum Beats was self-represented.

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