NAI Horizon negotiates Phoenix industrial building sale
PHOENIX, ARIZONA (June 8, 2017): NAI Horizon Senior Vice President Rick Foss represented the seller and the buyer in the $965,000 industrial property acquisition at 5230 S. 39th St., in Phoenix.
The seller was DJA Fiorano Holdings, LLC of Scottsdale, Ariz. The buyer was McDowell Sonoran Holdings, LLC.
“The buyer, Stone Tool Supply, intends to occupy the property once renovations are completed,” Foss said. “The facility will be utilized as the showroom/will call of their products as well as their operations and product distribution center.”
The buyer of the 10,054-square-foot property is a tool wholesaler. The seller is the owner of the Russo and Steele Auto Auction. The freestanding building features a 7,300 SF warehouse and 2,700 SF office. It has 16-foot clear ceiling height and a 21,630 SF lot that is fenced and secured.
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.