Orion’s Nick Miner, CCIM, Closes 3 Deals in 3 Days in Phoenix Market

The first deal , representing A&M Properties Enterprises, LLC, in successfully acquiring a strategically located two-tenant commercial investment property at 19425 W Indian School Road in Buckeye, Arizona. The transaction, valued at $3,147,721, marks a significant addition to A&M Properties Enterprises’ growing portfolio of prime commercial real estate assets.

The newly acquired property is situated in the rapidly developing West Valley submarket and is currently occupied by two well-established tenants: Anthem Coffee and Taco Chilangos. This acquisition aligns perfectly with the buyer’s strategy of investing in high-quality commercial properties in growth-oriented markets.

The property’s strategic location in Buckeye, one of the fastest-growing cities in Arizona, positions it for long-term appreciation and stable cash flow. Buckeye’s rapid population growth and strategic location in a major retail corridor made this property an attractive opportunity.

“I have been working with the Buyers for quite some time and when this opportunity came up, we revisited it.” Miner continued, “After taking a closer look, it was apparent that this was a great first investment property for my clients as we continue to grow their portfolio of well located and well tenanted properties.”

The buyer, A&M Properties Enterprises, LLC, was represented by Miner.

The seller, Equitable Investors and Advisors, LLC, was represented by Bobbie Mastracci, CCIM of Phoenix West Commercial

The next day, in another deal, Nick Miner, CCIM, assisted his client, New Legacy Development, LLC, in the successful purchase of a 1.28-acre industrial-zoned land parcel in Apache Junction, Arizona, for $730,000.00 ($13.09 PSF). The acquisition marks a significant step in the company’s expansion plans into the Phoenix Metro Market.

The strategically located property will house their business operations, allowing the company to enhance its capabilities and better serve its clients in the area.

“It was not an easy task to find a site that would work for my client given the lack of readily available smaller industrial sites in our market.” Miner continued, “This one checked a lot of boxes and has the ability for future expansion if needed.”

This is the second property within the past 2 years that Miner has assisted his client in acquiring.

Miner of ORION Investment Real Estate represented the buyer, New Legacy Development, LLC.

The seller, SMT Investors Limited Partnership, was represented by TJ Swearengin of Lee & Associates.

On the third day, Nick Miner, CCIM, and JT Taylor of ORION Investment Real Estate represented Warren Holdings, LLC, in the successful disposition of a well-located office condo at 1515 East Missouri Avenue in Phoenix, Arizona which is part of the Missouri Court Office Complex. The transaction is valued at $835,000 ($275 PSF), shows the continued strength of certain office markets in the Valley.

Midtown Phoenix sits just north of downtown Phoenix. Midtown is an exciting, up-and-coming mix of historic homes, chic restaurants, beautiful green spaces, and culturally vibrant institutions. Expanding west and east of Central Avenue, this neighborhood offers easy access to museums, arts venues, sports arenas, and some of the best coffee shops and restaurants the Valley of the Sun offers. Midtown also has several schools and parks within its borders.

The property boasts a functional layout featuring six private offices, an open bullpen area, a large conference/training room, a welcoming reception area, and a convenient kitchen. Modern upgrades include energy-efficient LED lighting installed in 2017 and new carpeting throughout 2021.

“This was a great deal for both parties,” Miner commented. “Timing was a key driver for the parties. Seller was winding down their operations while the Buyer was expanding.” “The location worked the best for the Buyer and with a lack of available inventory in the area this really made the property stand out,” Taylor commented.

The seller, Warren Holdings, LLC, was represented by Miner and Taylor of Orion Investment Real Estate.

The buyer, HarrisonCo, LLC, was self-represented