NAI Horizon negotiates $2.2M investment sale of Paradise Valley Oasis retail strip center
PHOENIX, ARIZONA (April 22, 2019) – NAI Horizon represented PVO, LLC (Paul Wong, Principal), the seller, in the $2.2 million investment sale of Paradise Valley Oasis, a 35,790-SF retail strip center located at 13825 and 13831 N. 32nd St., in Phoenix.
NAI Horizon Senior Vice President Lane Neville; Vice President Matt Harper, CCIM; and Associate Logan Crum represented the seller.
“This value-add retail property has a mix of long-standing local tenants that serve the surrounding neighborhood of 32nd Street and Thunderbird in north Phoenix,” Neville said.
Built in 1980, Paradise Valley Oasis sits on 2.65 acres. It is surrounded by high density single family residential and neighborhood retail and office centers.
There are more than 33,000 vehicles per day at the intersection of Thunderbird Road and 32nd Street. Located within a 3-mile radius of Paradise Valley Oasis are more than 125,000 people, averaging approximately $60,000 income per household per year. The property is easily accessible from SR 51.
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 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.