NAI Horizon negotiates $2.675M acquisition of Mesa facility
NAI Horizon Senior Vice President Rick Foss and Vice President Tom Bean, CCIM, represented the buyer and the seller, respectively, in the $2.675 million acquisition of a contractor’s facility at 10646 E. Pecos Rd., in Mesa, Arizona.
NAI Horizon negotiated the sale of the 12,436-square-foot property on behalf of DMW Properties LLC, an Oregon limited liability company.
“Wilson Construction Company made good use of this premier contractor’s facility since acquiring it in 2008,” Bean said. “With more new business developing in the West Valley, the decision was made to sell the property and relocate to a central location to better serve its clients in the Valley. Wilson Construction Company continues to expand its business throughout Metro Phoenix.”
The buyer was YBL LLC, an Arizona limited liability company whose corporate office is located in Peoria, Arizona.
“Younger Brothers acquired this facility to support the expansion of their numerous businesses related to residential construction,” Foss said. “This acquisition will specifically support their work on the Eastmark project and other residential development activity in the Southeast Valley in the future.”
YBL, which also operates as Liberty Lumber, is a contractor of residential and commercial lumber and supplies. It is moving its operations to the Mesa facility, which sits on 5.47 acres.