PHOENIX, ARIZONA– NAI Horizon represented the seller in the disposition of the last remaining property in the seller’s income portfolio, a storefront retail/office building in Buckeye, Arizona.
NAI Horizon First Vice President Christopher Lewis represented Choices in Community Housing, Inc., of Buckeye, with the disposition of its entire portfolio over the last 12 months. The 3,100 SF retail/office asset is at 303 N.4th St., in Buckeye. The sale, which includes a parking lot at 307 N. 4th St., fetched $425,000 ($137 PSF).
“It was pretty nice to see all of their properties being sold at above list and allowing them to move on to other endeavors,” Lewis said.
The property, which is approximately 40 miles west of Phoenix in Downtown Buckeye, sits on .11 acres. The one-story, single-tenant asset was built in 1949.
“Our experience with Christopher Lewis and NAI Horizon has been exceptional to say the least,” said Rick Wilson, Principal with Choices in Community Housing. “It has been a delightful experience working with Christopher, who displayed a high level of professionalism and an in-depth understanding of the Phoenix market, which I attribute to the sale of our properties being sold above the actual list price.”
The buyer, CRS Residential, Inc. of Phoenix, was represented by Doreen Coutelin with SJ Fowler Realty.