NAI Horizon negotiates acquisition of $1.77M industrial building

NAI Horizon Senior Vice President Jeff Adams represented the buyer in the $1.77 million acquisition of a freestanding industrial building at 3324 E. Atlanta Ave., in Phoenix.

Adams represented Thronson Enterprises, LLC, of Tempe, Arizona, in its purchase of the 21,400-square-foot property that includes a canopy area and large, fully-fenced and paved lot.

“I worked hand-in-hand with this very responsive, patient buyer for nearly a year on numerous opportunities,” Adams said. “The available inventory of premium properties in Metro Phoenix that you can still buy at reasonable numbers is woefully low.

“We were able to locate an unlisted opportunity and negotiate a deal that was good for both the buyer and seller. TSI was one of the better clients I have worked with and they are enamored with the deal, which included lease-back income and an optimum user opportunity,” Adams said.

The buyer is a professional signage and operations management company for several industries, including professional golf tournaments.

The seller, 213 Leasing, LLC, of Phoenix, was represented by Lance Ross of Ross Property Advisors.