PHOENIX, ARIZONA -- NAI Horizon Senior Vice President Isy Sonabend negotiated the $1.53 million ($136 PSF) sale of an industrial building at 639 S. 54th Ave. in Phoenix.
NAI Horizon represented the seller and the buyer in the acquisition of the 11,250-square-foot building located in an industrial subdivision.
The property sits on 2.14 acres. The buyer, EGV Associates of Ontario, Calif., dba AMREP, Inc., is a fabricator of waste collection trucks and mechanisms. Its clients include the City of Phoenix and Waste Management. The seller is Adam Garcia Properties, LLC, of Phoenix.
“Phoenix represents a growth market for AMREP,” Sonabend said. “Increased sales to its client base in Arizona and surrounding states prompted the capital investment for the launching of a fabrication plant and service center.”
The property was built in 2004. It features warehouse clear ceiling height of 20 feet serviced by three drive-in, grade-level doors. The site is secured with a block wall and provides ample trailer parking and outside storage. It is located south of Interstate 10 and 51st Avenue.