PHOENIX, ARIZONA – NAI Horizon represented buyer in the $7 million ($133 PSF) acquisition of the Corbins Electric corporate headquarters building, a 52,744-square-foot industrial property located at 4829 S. 38th St., in Phoenix.
NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the buyer.
The property is a single-tenant industrial property occupied by Corbins Electric and serves as its corporate headquarters. Corbins Electric has been in business since 1975 as a top electrical contracting services company.
Corbins Electric is an innovative electrical company and an industry leader with state-of-the-art technologies. It provides virtual construction services, fabrication services, electrical construction, and electrical service/job ordering contracting.
“The Corbins Electric building is a great investment asset with a strong tenant in an excellent industrial location,” Neville said. “The property is conveniently located west of 40th Street, south of Wier Avenue, just minutes from both Interstate 10 and AZ-143 freeways”.
Clint Hardison and Blake Hardison with Keyser Commercial Real Estate Advisory represented the seller.