PHOENIX, ARIZONA — NAI Horizon Senior Vice President Rick Foss represented the seller and the buyer in the $965,000 ($96 PSF) industrial property acquisition at 5230 S. 39th St., in Phoenix.
The seller was DJA Fiorano Holdings, LLC of Scottsdale, Ariz. The buyer was McDowell Sonoran Holdings, LLC.
“The buyer, Stone Tool Supply, intends to occupy the property once renovations are completed,” Foss said. “The facility will be utilized as the showroom/will call of their products as well as their operations and product distribution center.”
The buyer of the 10,054-square-foot property is a tool wholesaler. The seller is the owner of the Russo and Steele Auto Auction. The freestanding building features a 7,300-square-foot warehouse and 2,700-square-foot office. It has 16-foot clear ceiling height and a 21,630-square-foot lot that is fenced and secured.