Mobile home park, industrial building, 2 office buildings represent $7M in sales by NAI Horizon professionals

Casa Grande Mobile Home Community

PHOENIX, ARIZONA – Sales of a mobile home park, an industrial building and two office buildings totaling almost $7 million highlight recent deals closed by NAI Horizon professionals.

Andrew Warner with NAI Horizon negotiated a sale of a mobile home park representing the seller, Casa MHP, LLC for $4.4 million. The property is located at 1431 N. French St., & 1409 N. French St., Casa Grande, AZ. The buyer, Boavida Group was self-represented.

Mark Wilcke with NAI Horizon negotiated a sale of a 16,140-square-foot industrial building representing the buyer, JRJ Hacienda, LLC, for $1.875 million. The property is located at 712 S. Hacienda Drive, Tempe, AZ. The seller, 712 Hacienda, LLC was represented by Langdon Bridges with Commercial Properties, Inc.

Mark Wilcke with NAI Horizon negotiated a sale of a 2,181-square-foot office building representing the buyer, Native Arizonan Acquisitions VI, LLC for $310,000. The property is located at 4910 E. Elliot Road, Phoenix, AZ. The seller, Van Eik Trust, Papike Revocable Marital Trust & Van Eik Declaration of Trust was represented by Doug Groppenbacher with The Golba Group.

Matt Harper, CCIM, with NAI Horizon negotiated a sale of a 1,732-square-foot office building representing the buyer, FQ Story 1137, LLC for $294,440. The property is located at 1137 W. McDowell Road, Phoenix, AZ. The seller, D&W Properties, LLC was represented by Eddie Gonzalez with SVN.




Raytheon Missiles & Defense’s StormBreaker® smart weapon approved for fielding on the F-15 Eagle

F-15E squadrons set to carry the precision weapon

TUCSON, Ariz. — Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), today announced the StormBreaker® smart weapon has been approved for use on the F-15E by the U.S. Air Force’s Air Combat Command. The fielding decision means that F-15E squadrons can now be equipped with StormBreaker and deployed for missions.

“StormBreaker delivers an unprecedented capability to pilots in the field,” said Paul Ferraro, vice president of Raytheon Missiles & Defense’s Air Power business. “The weapon gives airmen a significant advantage – the ability to strike maritime or land-based maneuvering targets at range in adverse weather.”

StormBreaker features an innovative multimode seeker that guides the weapon by imaging infrared, millimeter wave radar, and semi-active laser in addition to or with GPS and inertial navigation system guidance.

“The weapon has proven itself in many complex test scenarios, against a variety of targets in extreme environmental conditions, and is now ready to fly,” said Cristy Stagg, StormBreaker program director at Raytheon Missiles & Defense. “With its multimode seeker and datalink, StormBreaker will make adverse weather irrelevant.”

StormBreaker’s small size lets fewer aircraft address the same number of targets compared to larger weapons that require multiple jets. It can also fly more than 40 miles to strike mobile targets, reducing the amount of time that aircrews spend in harm’s way.

The smart weapon’s initial fielding on the F/A-18E/F Super Hornet for the U.S. Navy later this year and integration for fielding on the F-35 Joint Strike Fighter are next for the program.

To learn more about StormBreaker, visit us here.




Marcus & Millichap Arranges the Sale of Berridge Villa, a 40-Unit Apartment Property in Phoenix

PHOENIX, ARIZONA Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Berridge Villa, a 40-unit apartment property located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,900,000 ($97,500 per unit).

“Located immediately behind Abrazo Central Campus hospital in a quiet residential neighborhood and one mile northwest of Christown Spectrum Mall, Berridge Villa offers residents immediate access to a variety of employment opportunity while providing a residential community feel given it’s positioning in the Washington Park neighborhood,” said Paul Bay, vice president investments in Marcus & Millichap’s Phoenix office.

Paul Bay and Darrell Moffitt, senior vice president investments had the exclusive listing to market the property on behalf of the seller, a developer.  The buyer, an individual/personal trust, was also procured by Bay and Moffitt. Berridge Villa is located at 2040 West Berridge Lane in Phoenix, Arizona.