PHOENIX, ARIZONA – NAI Horizon continues to grow its Phoenix office with the hiring of industry veteran Mike Myrick, CCIM.

Myrick, who specializes in leasing and sales of office and industrial properties, returns to NAI Horizon after almost four years at Marcus & Millichap. He previously worked at NAI Horizon from 2012 to 2015.

Myrick has been involved in more than 500-million-square-feet of agency transactions and more than $1 billion in leasing and investment sales transactions. He currently acts in an advisory capacity to a large national financial institution and has also worked for one of the largest private equity funds.

“I’m happy that Mike made the decision to return to NAI,” said Terry Martin-Denning, CEO and Designated Broker of NAI Horizon. “His strong experience and relationships are valuable assets that strengthen our NAI team.”

Myrick holds the prestigious designation of Certified Commercial Investment Member (CCIM).

A native of the Southeast Valley, Myrick earned a BS in business administration from Northern Arizona University in Flagstaff.

Myrick serves as a youth sports coach, has served on various boards and commissions and currently is the President of the Kyrene School District Governing Board.

MARANA, AZ —  The LeClaire Group of Marcus & Millichap (NYSE: MMI) of Denver brokered the sale of National RV Central, a 125,015-square-foot enclosed RV storage facility located at 6260 North Travel Center Drive in Marana, AZ for $6.74 million ($54 PSF). Located in the Orange Grove I-10 Plaza, the seller was also the developer of the property and the 21-acre Plaza in 2006.

Thomas Parsons, Investment Associate, and Adam Schlosser, Senior Vice President Investments, had the listing to market the property on behalf of the seller, NSS RV Central OG, Limited Partnership, a local partnership with the Schomac Group (Dennis Winans, CFO).

“This is one of the largest fully enclosed and climatized RV storage facilities in the country which helped drive interest from nationwide investors,” said Parsons. The buyer was a national private self-storage operator, In Self Storage, based in Colorado. This is the buyer’s first investment in the Tucson market.

RV Central sits on 7.03 acres and in addition to this the buyer purchased an additional 2.42 acres of vacant land for an aggregate value of $583,458 ($5.54 PSF) for future expansion. Gordon Wagner with NAI Horizon in Tucson handled the lot sales.

National RV Central is the only fully enclosed and climate-controlled RV and boat storage option in this market. Built in 2006, the facility is comprised of 112,115 NRSF of indoor climate-controlled RV storage, 5,100 NRSF of traditional drive-up self-storage, and a 7,800 NRSF service bay rented to a third party.  There is no outside storage, 100 percent of the RV and boat storage is fully enclosed.  The property is strategically located next to Interstate 10 (I-10).

Because of the tall buildings and prominent signage, the facility is very visible to all 110,000 vehicles which drive by each day.  The property is situated in a populated area with approximately 130,279 people and 53,233 households in a five-mile radius with an average household income of $72,389.

For additional information, Parsons and Schlosser can be reached at 303.328.2068 and Wagner can be contacted at 520.398.5130.

To learn more, see RED Comp #6661, #6734 and #6738.

Phoenix, Ariz. – ABI Multifamily is proud to announce the $5,350,000 / $86,290 Per Unit / $214 Per SF sale of The Retro on 32nd Street Apartments in Phoenix, Arizona.
The Retro on 32nd Street is a 62-unit garden-style apartment community in the East Phoenix submarket. The highly desirable location provides convenient access to Scottsdale, Camelback Corridor and the Biltmore, and State Route 51 Freeway lies just 10 minutes to the west.

Built in 1968 and renovated in 2015, The Retro on 32nd Street offers a desirable mix of 31 studio, 29 one-bed/one bath and two two-bed/one-bath units.

ABI Multifamily’s Private Apartment Team — made up of associates Dallin Hammond and Mitchell Drake, as well as VP Ryan Smith — represented the Buyer.

“This neighborhood, and really this entire section of town, is seeing a major upswing in terms of renovation and redevelopment across all housing types,” Hammond said. “With the foundation of upgrades that has already taken place here in the past few years, our client has the opportunity and determination to bring The Retro on 32nd Street up to its full value-add potential through ongoing interior and exterior renovations that could really make it a showcase property for the entire area.”

The California-based Buyer is a private investment team. The Seller, also based in California, is a private investment and management firm.