ORO VALLEY, ARIZONA — Golder Ranch Fire District purchased the office building at 1600 East Hanley and adjacent lot at 10800 North Mavinee Dr. for a combined price of $2.83 million ($182 PSF).  Golder Ranch Fire District will repurpose the 15,575-square-foot building on 2.66 acres for administrative offices in the Foothills Business Park.

The Golder Ranch Fire District was created in 1977 by a vote of the residents in the area. The Homeowners wanted to have a voice in their fire and medical care and at the same time, monitor costs. Today the District serves a 244-square-mile area with a population of nearly 120,000 residents included in the District are the communities of Oro Valley, Catalina, SaddleBrooke and southern Pinal County.

Golder Ranch Fire District was represented by Swain Chapman, CRE®, CCIM® and Erik Chapman, CCIM®  with Chapman Management Group, and the seller of 1600 East Hanley, G.H.E.S.R., Inc., was represented by Joe Nehls of Joe Nehls Realty.

For more information Chapman should be reached at 520-622-5544  and Nehls can be contacted at 520.544.2333.

To learn more, see RED Comp #9426 and #9427.

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 The Dayton, an eight-unit apartment property located in Phoenix, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,800,000 ($350,000 per unit).

“Located in the Coronado historic district immediately east of Midtown, one of Phoenix’s most dynamic and rapidly developing employment corridors, The Dayton is uniquely positioned for continued desirability and rental growth due to strict barriers to future competition in the immediate neighborhood,” shared Paul Bay, first vice president investments in Marcus & Millichap’s Phoenix office. The buyer, a private investor, was procured by Bay.

Built in 2021, The Dayton maintained 75 percent occupancy at contract. This was an all-cash transaction. The apartment community is located at 2245 North Dayton Street in Phoenix, Arizona.

The National Council of Exchangors (NCE) is a non-profit trade association comprised of real estate licensed professionals from across the country.

The 2022 Leadership Team is to be headed by Tom DeSollar, EMS, President. He is a long-term Realtor from Tucson, AZ. The balance of the 2022 leadership team is:

• Debbie Ferrari, EMS, President-Elect, San Clemente, CA
• Demetrios Tsimis, EMS, Secretary, Encinitas, CA
• Tyler Nepote, Treasurer, EMS, Wichita, KS
• Blake Allen, Director, EMS, CCIM, Manitou Springs, CO
• Charles Sutherland, EMS, Director, Carrollton, TX
• Kara Libster, Executive Administrator, Belgrade, MT

The organization meets quarterly at National Conferences to conduct marketing and educational events. At the conferences, members of NCE can present property offerings for the sale or exchange of properties Nationwide. At the four day events, commercial, multifamily, industrial, hospitality and land properties are offered for sale or exchange. Events are highlighted with industry specific educational courses, such as: Introduction to Equity Marketing, Creative Real Estate Formulas, (designed to help better structure successful sales and exchange solutions), Transaction Structures, and other real estate related topics.

NCE understands that knowledge and creativity are the keys to success for its members’ clients. They achieve higher levels of education in Client Counseling, Creative Formulas, Marketing, Exchanging, Financing, Tax considerations and Transaction Structure. NCE also offers the Equity Marketing Specialist (EMS) designation to qualified members. NCE Membership is limited to licensed real estate professionals and attorneys.

NCE affiliate chapters are located throughout the country and meet at their own local group sessions. The local Arizona NCE affiliate chapter of NCE is the Arizona Real Estate Exchangors (AZREX) headed by James Buchanan of Tucson.

The next NCE Marketing and Education event will be held January 24-27 AT THE Tuscany in Las Vegas. For further information about NCE, contact Kara Libster, Executive Administrator.