PHOENIX, ARIZ.– NAI Horizon represented the buyer in the $1.895 million ($52 PSF) acquisition of a freestanding industrial building at 1710 E. Washington St., in Phoenix.
NAI Horizon Senior Vice President Jeff Adams represented Nationwide Surplus Holdings, LLC, an Arizona Limited Liability Company of Mesa, Arizona, in the purchase of the 36,556-sqare-foot building.
The property is the former Desert Liquidators building. It will be converted into an electronic recycling, refurbishing and resale facility. It is a freestanding building with arterial frontage and a fenced area that includes parking and truck-well loading.
Built in 1981, the property includes 2,500-square-feet of office space. It sits on 1.44 acres, features clear ceiling height of 14 to 18 feet and includes three dock-high doors for loading and three drive-in grade-level doors.
“Nationwide Holdings LLC is the real estate entity for a couple of complementary Phoenix-based companies that has now expanded nationally in multiple cities throughout the country,” Adams said. “I sold them their first facility here in Phoenix at roughly the same size or larger with some land for potential expansion in early 2012.
“Both were discounted frontage facilities which would allow them to do some level of building rehab in order to feature their sustainability aspects and still operate affordably with reasonable margins. The main company is a well-run entity that is expanding rapidly, in large part due to unique, proprietary models and methods, which no competitor in their industry currently has,” Adams said.
The seller, RMO Holdings LLC, a Wyoming Limited Liability Company headquartered in Florida, was represented by Rob Martensen and Sam Jones of Colliers International.