PHOENIX, ARIZONA  – Three office sales in the Valley totaling approximately $2.4 million – two in Phoenix and one in Surprise – highlight recent deals closed by NAI Horizon professionals.

NAI Horizon Sale Transactions:

Troy Giammarco, Tyler Smith and Joe Pequeno negotiated the sale of an office property, representing the seller, Pisa Properties Sixteenth, LLC, for $1.475 million. The property is located at 5829 N. 7^th St., Phoenix, AZ. Ortega Ault with Colliers International represented the buyer, Avalon Bethany, LLC.

Tyler Smith, Joe Pequeno and Troy Giammarco negotiated the sale of an office property, representing the buyer, Kevin O’Coner, for $505,115. The property is located at 4737 E. Cholla St., Phoenix, AZ. Michael Waxman with Levrose Commercial Real Estate represented the seller, Cholla Estates, LLC.

Tyler Smith negotiated the sale of an office property, representing the seller, WAM Surprise Limited Partnership, for $411,432. The property is located at 12647 W. Smokey Drive, Surprise, AZ. Rich Andrus with the Menlo Group represented the buyer, RBPSMILE Enterprises, LLC.

Troy Giammarco and Mark Wilcke negotiated the sale of a property, representing the seller, Peoria Commercial Holdings, LLC, for $360,000. The property is located at 10708 N. 96^th Ave., Peoria, AZ. The buyer, Serving God by Serving Others, represented itself.

Michael Gaida negotiated the sale of a 110-year-old specialty machining business, representing the seller, Valley Machine Works. The business is located at 701 W. Jackson St., Phoenix, AZ. Ian Turner with Sperry Commercial Global Affiliates represented the buyer, Tyler and Tricia Williams.

Matt Harper, CCIM, negotiated the sale of a land parcel, representing the seller, Mohammed Ali, for $240,000. The property is located at the SWC of 67^th Avenue and Montebello Avenue. The buyer, SWC 67^th Avenue & Montebello, represented itself.

PHOENIX, Ariz. – Aeroseal America, which has provided a patented technology to seal ductwork for residential clients for 3 years, has launched a commercial component to service a new line of clientele.

Aeroseal America’s new service line will provide testing and sealing of ductwork for HVAC systems in light commercial properties. Aeroseal America’s technology involves sealing ductwork from the inside.

Leading the company is Pat Farrell, whose experience includes owning and operating an energy assessment company, Power Down America. He founded it in 2009 after making improvements to his own home and realizing the immediate impact in comfort and savings.

“I quickly realized that duct leakage is a major problem in the Arizona housing market,” Farrell said. “The conventional way to seal duct systems is to have someone crawl through the attic, which can run 150-plus degrees during the summer, and seal all of the joints and connections with a paste called mastic.

“Because of space restrictions, ducts running through soffits, and flat roofs with no attic access, reaching all of those joints and connections can be impossible. Aeroseal solves that problem,” Farrell said.

Farrell said he was offering Aeroseal to his customers and using other contractors for the work. He was not pleased with the quality of work or the level of customer service so he made the decision to invest the time and money to acquire the training and equipment necessary to provide Aeroseal to his residential clients. He is eager to begin offering this service line to commercial clients.

“After seeing the need and immediate impact Aeroseal has on the comfort, indoor air quality and energy savings in your home, it just makes sense to offer the same great product and service to your schools, churches, or doctor’s office.”

For more information, visit www.aerosealam.com.

Tucson, Ariz. – ABI Multifamily has announced the $21,800,000 / $87,903 Per Unit / $106.38 Per SF sale of Mission Antigua Apartments in Tucson, Ariz.

Mission Antigua is a 248-unit garden-style apartment community located near South Mission and West Irvington roads.

Built in 1989, Mission Antigua offers a desirable mix of one-, two- and three-bedroom configurations with impressive brick architecture, a plethora of amenities and convenient access to several area parks, recreation facilities and major transportation corridors.

“Mission Antigua was an outstanding value for both parties in this transaction,” said ABI Multifamily Senior Managing Partner Alon Shnitzer, lead broker for the team representing the Buyer and Seller. “Over 30 years of ownership the Seller really built a highly desirable property, which the Buyer — Element Property Company — can nicely improve upon to realize a significant long-term benefit.”

Element Property Company is a California-based multifamily operator with assets throughout the western US. “We look forward to implementing our interior renovation program throughout another quality asset in our growing Arizona portfolio,” said Will Roos, Element’s founder.

The Arizona-based Seller was the original developer of the property, which was managed by Centurion Management Company.

The Buyer and Seller were both represented by the multifamily brokerage team of Alon Shnitzer, Ryan Kippes, John Kobierowski, Rue Bax, Eddie Chang and Doug Lazovick.

To learn more, see RED Comp #6662.