Skip to content
  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Log In
Menu
  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Log In

NAI Horizon represents seller in negotiating $2.195M sale of Sun City office building

  • Home
  • Archive
  • NAI Horizon represents seller in negotiating $2.195M sale of Sun City office building
Archive
/
NAI Horizon,Offices Sun City,Stan Matzinger,Tom Bean,Vintage Garden Properties
/
January 11, 2019
/
RED News Service
image_pdfimage_print

10240 W. Bell Rd., Sun City, AZ

PHOENIX, ARIZONA – NAI Horizon represented the seller in the 1031 Exchange investment sale of an office building at 10240 W. Bell Rd., in Sun City, Arizona.

NAI Horizon Vice President Tom Bean, CCIM, and Associate Stan Matzinger, represented 10240 Bell Road Associates, LCC, a Washington limited liability company of University City, Washington, in the $2.195 million ($120 PSF) disposition.

The office building totals 18,258-square-feet and sits on 2.32 acres. Built in 1975, it features great access to the Loop 101 Agua Fria Freeway with frontage on West Bell Road. It also provides a convenient Sun City/Arrowhead location.

“The seller was motivated to move the property in 2018 due to tax consequences from another disposition in the state of Washington,” Bean said. “Our team worked diligently for more than a year to lease the majority of the vacancy and increased the occupancy to 91 percent from 74 percent to facilitate the sale at market terms.”

The buyer, Vintage Garden Properties, LCC, a California general partnership of Denair, California, acquired this property via a 1031 Exchange and was represented by John Oushana of HomeSmart.

A 1031 Exchange allows an investor to sell a property, reinvest the proceeds in a new property, and defer all capital gain taxes.

Share Now!

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on whatsapp
Share on tumblr
Share on odnoklassniki

Recent Posts

  • Local Developer Invests in Land for Industrial Spec Buildings
  • Construction of Industrial Space in Phoenix Hits Record Levels
  • Newly Renovated Sierra Vista Casitas Opens Again for Business
  • The Empire Group of Companies Acquires 21 Acres in Vibrant West Valley for a Single-Family Build-to-Rent Community
  • CDC Small Business Finance is top Arizona SBA lender after fiscal year 2021 2Q

Archives

Newsletter

Copyright © 2021 Real Estate Daily News | Powered by Astra WordPress Theme

  • 1st Quarter Sales
  • 2020 SoAZ Forecast Competition
  • 2nd Quarter Sales
  • 3rd Quarter Sales
  • 4th Quarter Sales
  • 5905 East Speedway Blvd, Tucson, AZ
  • Account
  • Advertising
  • Annual Site Access Conditions
  • Archives
  • Executives Prefer CCIM
  • HELP WANTED
  • Home
  • Ina Capital Development
  • Link Page
  • Login
  • MARKET LEADERS – CCIM DESIGNEES
  • Newsletter Subscription
  • Pima County Real Estate Research Council
  • Privacy Policy
  • RED Comps Terms and Conditions
  • Red Leases
  • Registration-Login
  • Sample RED Comps
  • Search Comps
  • Subscription
  • Terms of Service
  • Test
  • Test Comp Search
  • Thank You
  • Thank You For Subscribing
  • www.realestatedaily-news.com Privacy Policy
  • About Real Estate Daily News
Scroll to Top