Buyer Will Utilize Building as Auto Showroom

Phoenix, Arizona – A Tempe investor has purchased the industrial/flex building at 7434 E. Monte Cristo Ave. in the Scottsdale Airpark for a price of $4,680,000. The buyer will occupy the entire 28,241-square-foot structure to house Precision Fleet Services auto showroom and administrative offices.

“This attractive, two-story structure offers incredible proximity within the Scottsdale Airpark,” says Jim Keeley, founding partner and senior executive vice president of Colliers International in Arizona. “Located very close to Kierland Commons and Scottsdale Quarter, the building will provide this buyer with a terrific combination of auto-friendly dock doors and staging areas, as well as well-appointed office spaces.”

7434 E Monte Cristo LLC, by Malck LLC of Tempe purchased the property from Western Properties Inc. of Seattle. Keeley represented the seller in the transaction. Chad Ackerly of Commercial Properties in Tempe represented the buyer.

The building, which was constructed in 2001, contains two levels of space, three dock high doors and two grade level doors. The property has a secured, fenced area and 64 parking spaces. The first floor features approximately 14,730-square-feet of warehouse and approximately 6,316-square-feet of office spaces. The second level consists of approximately 6,400-square-feet of offices and an 806-square-foot balcony.

The property offers convenient access to Scottsdale Road via Paradise Lane, just south of Bell Road. The surrounding area includes an abundance of retail, hospitality and additional auto businesses.

TUCSON, ARIZONA – NAI Horizon is pleased to announce that Cheryl Eamick, SR/WA, has joined the Tucson office as a Right of Way Specialist.

Eamick possesses extensive experience in the right of way and land development industries, working in both the private and public sectors since 1992. She specializes in offering unique strategies to obtain necessary land rights and regulatory approvals that balance both the natural and man-made environments.

Eamick offers her clients a more cost effective and sustainable approach to land development and right of way projects.  Her expertise is in land entitlements, right of way program management, land acquisition, as well as federal, state, tribal and local right of way approvals.

“We are excited to have Cheryl join NAI Horizon. She brings an expertise that will enhance the various strengths of our office,” said Ben Craney, Managing Director of the Tucson office.

Eamick holds a B.S. in computer science from the University of Arizona and completed relevant coursework at Northern Arizona University in community planning.

She holds the prestigious designation of Senior Right of Way Agent from the International Right of Way Association.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Feb. 25 thru March 1, 2019.

RETAIL – NEC MLK JR BLVD & HIGHWAY 90, SIERRA VISTA
Julian’s Parkour & Gymnastics has leased a 12,107-square-feet space at South Plaza Vista, located on the NEC of Martin Luther King Jr. Blvd & Highway 90. The Premises will be used as a gymnastics exercise studio and for the sale of related products and services. They are scheduled to open for business 2nd quarter 2019. Andy Seleznov and Melissa Lal, of Larsen Baker and Pete Villaescusa of CBRE represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 716.440.7233[/mepr-show]

OFFICE – 4735 E. CAMP LOWELL RD., TUCSON
Kathy Wit leased 1,348-square-feet from Sue Bondell at 4735 E Camp Lowell Road, Tucson. This is a 3 year fixed rate lease. James Robertson and Angle Rodr1guez, RCSC represented the Landlord. Mick Cluck, Long Realty represented the Tenant. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR/NNN[/mepr-show]

RETAIL – 3000 E 22nd St., TUCSON
AMCELL LTD, an Arizona corporation, dba Metro PCS by Sprint has signed a lease for 1,267- square-feet at 3000 E. 22nd Street, Tucson, AZ, in El Campo Center located at the southwest corner of 22nd Street and Country Club Road. There are currently 18 Metro PCS stores in Arizona, 5 of which are located in Tucson. The new store is expected to open in June 2019.

El Campo Center is undergoing a complete renovation and redevelopment, which is scheduled for completion in June of 2019. El Campo Center is anchored by Food City, which is also being renovated.

Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, El Campo Center, LLC, and the Tenant AMCELL LTD, dba Metro PCS by Sprint represented itself in this lease transaction. [mepr-show rules=”58038″]Asking lease rate: $10.50 – $15.00 SF/YR NNN[/mepr-show]

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