NAI Horizon negotiates $1.895M sale of 36,556 SF Phoenix industrial building
PHOENIX, ARIZ. (Oct. 29, 2019) – NAI Horizon represented the buyer in the $1.895 million acquisition of a freestanding industrial building at 1710 E. Washington St., in Phoenix.
NAI Horizon Senior Vice President Jeff Adams represented Nationwide Surplus Holdings, LLC, an Arizona Limited Liability Company of Mesa, Arizona, in the purchase of the 36,556 SF building.
The property is the former Desert Liquidators building. It will be converted into an electronic recycling, refurbishing and resale facility. It is a freestanding building with arterial frontage and a fenced area that includes parking and truck-well loading.
Built in 1981, the property includes 2,500 SF of office space. It sits on 1.44 acres, features clear ceiling height of 14 to 18 feet and includes three dock-high doors for loading and three drive-in grade-level doors.
“Nationwide Holdings LLC is the real estate entity for a couple of complementary Phoenix-based companies that has now expanded nationally in multiple cities throughout the country,” Adams said. “I sold them their first facility here in Phoenix at roughly the same size or larger with some land for potential expansion in early 2012.
“Both were discounted frontage facilities which would allow them to do some level of building rehab in order to feature their sustainability aspects and still operate affordably with reasonable margins. The main company is a well-run entity that is expanding rapidly, in large part due to unique, proprietary models and methods, which no competitor in their industry currently has,” Adams said.
The seller, RMO Holdings LLC, a Wyoming Limited Liability Company headquartered in Florida, was represented by Rob Martensen and Sam Jones of Colliers International.
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 and Property Management 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 375+ offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro
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.