NAI Horizon in Phoenix is off to a good start for the new year, reported the following leases and sale transactions that took place in January.
Sale Transactions:
Mark Wilcke with NAI negotiated the sale of 5.85 acres of land, representing the buyer, Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, for $1,170,800. The property is located at the SEC of Vest Avenue and Wade Drive in Gilbert, AZ. The seller was Cooley Black Canyon, LLC et al.
Russell Warner and Brad Ranly with NAI negotiated the sale of 122 acres of land, representing the seller, JFP Properties, LLC, for $450,000. The property is located at 3290 South Montgomery Road in Casa Grande, AZ. Will French with Cassidy Turley represented the buyer, Maxilmillion Investment Company, LLC.
Isy Sonabend with NAI negotiated the sale of a 1,680 SF industrial property, representing the seller, Roland and Linda Malone, for $180,000. The property is located at 7302 East Helm Drive in Scottsdale, AZ. Suzanne Enright with Shell Commercial represented the buyer, Vanderhout Family Limited Partnership.
Barbara Lloyd and Lane Neville negotiated the sale of 1.67 acres of land, representing the seller, SBAZ Real Estate Holdings, LLC, for $150,000. The property is located at 2432 East Danbury Road in Phoenix, AZ. The buyer was Hub Realty, LLC.
Lease Transactions:
Chris Gerow, Shelby Tworek, and Gabe Ortega of NAI represented the landlord, Fortuna Commons Investments, LLC, in a 15 year retail lease transaction for a 20,000 SF space at the I-8 and Fortuna Road in Yuma, AZ. Andy Kroot with Velocity Retail Group, LLC represented the tenant, Goodwill Industries of Central Arizona, Inc.
Thomas Bean and Alexandra Loye represented the tenant, Futurity First Insurance Group, in a 26 month office sublease transaction for a 4,386 SF space at 14861 North Scottsdale Road in Scottsdale, AZ. Rick Collins with CD Commercial represented the landlord, Audio Visual Services Group, Inc.
Thomas Bean and Troy Giammarco of NAI represented the landlord, TAF Real Estate, LLC, in a 37 month office lease transaction for a 1,298 SF space at 3404 West Cheryl Drive in Phoenix, AZ. Barbara Lloyd and Thomas Bean also of NAI represented the landlord, Gaslight Square Retail, LLC, in a 13 month office lease transaction for a 735 SF space at 3627 East Indian School Road in Phoenix, AZ.