PHOENIX, ARIZ.– Downtown and Midtown office experts at SVN Desert Commercial Advisors close another sale in the Phoenix Central corridor marking its 10th sale of the year. Senior advisor, Justin Horwitz and Paul Borgesen III represented the owner in the sale transaction.
The property is located at 810 W. Bethany Home Rd. in Phoenix. This 15,304 square-foot building is one of the known historic buildings located off Bethany Home Rd. This recently sold for $1.15 million and was only on the market from open to close for only 75 days. The iconic architect Bennie Gonzales designed this building and was built in 1970. The Arizona Medical Association (ARMA) was the only occupant and owner up to this point of the sale. The property was so uniquely designed, that the seller had multiple offers to review. The building captures the trending appeal towards Mid Century structures but ultimately, ARMA elected that it was in their best interest to part ways with the building with plans to relocate.
The building was sold to Katie Hess, the Founder of a local essential oils business called Lotuswei. The new owner plans to occupy the majority of the building, but will offer small spaces for lease within the building itself. “It is a real treat in this business when you can work with high quality people like Katie Hess and the VP of ARMA, Libby McDannell,” said Horwitz. He added that the building has so much character that he’s “looking forward to seeing the new owner’s vision come to reality.” The new owner, Hess stated “Even though he represented the seller, I worked with Justin Horwitz directly and he made the negotiation and due diligence period effortless.”
The seller had equally rave reviews for the SVN advisor. “The best decision I made throughout the entire process of selling our building was hiring Justin Horwitz and the SVN team,” said Katie Hess. “I was comforted by Justin’s professionalism, knowledge of the market, proactive communication, and always being able to answer my questions.” Hess was grateful to the Arizona Medical Association for passing the torch to her. The property will not only serve as the new Lotuswei headquarters, but it is also the new Phoenix Wellness Hub that will feature national wellness experts to add to the worldly podcast with listeners in over 60 countries.
SVN | Desert Commercial Advisors
SVN | Desert Commercial Advisors is a full-service commercial real estate services firm providing comprehensive expertise in investment brokerage, leasing, landlord/tenant representation, analysis/valuation and market research. We specialize in multifamily, retail, office, medical/dental, and restaurant property types. Visit our website at www.SVNDesertCommercial.com for more information.