NAI Horizon negotiates $1.92M Chandler land sale
PHOENIX, ARIZONA (May 16, 2017): NAI Horizon Senior Vice President Rick Foss represented the seller in a $1.92 million entitled land sale of 3.35 acres at the SWC of Price Road and Spectrum Boulevard in Chandler, Ariz.
Foss represented businesswoman Chong Cho of Chandler in the disposition of the land that she had purchased more than 10 years ago.
“This sale presents the highest sale comp for land of its type in the Price Road Corridor,” Foss said. “We were approached by a large number of serious investors due to its size and location in that prestigious, and highly desirable corridor.
“The seller chose to accept the buyer’s offer because they came in with one of the highest offers, reasonable escrow terms, and a project that the City of Chandler would approve. The buyer’s agent informed the seller that they intend to construct a multi-story medical office building on the site. They should be very successful in this venture,” Foss said.
The buyer, Price Nova, LLC of Chandler, was represented by Dan Noma of Venture Real Estate & Investment.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage, Property Management and Appraisal Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.
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