Cushman & Wakefield Negotiates Sale in Northwest Phoenix
PHOENIX, Jan. 8, 2018 – Cushman & Wakefield completed the sale of Deer Valley Crossing, located at 21725 N. 20th Avenue in Phoenix. Phoenix-based Airpark Pak N Ship, Inc. purchased the property from 5000 South Prairie, LLC of Scottsdale, Ariz. for $1 million.
Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller.
The 7,441-square-foot property was constructed in 2007 and includes five suites currently 66% occupied. Airpark Pak N Ship plans to occupy all remaining vacancy within the property so the building will be at 100% occupancy. Airpark Pak N Ship has been leasing the building for several years and an SBA financing gave them an opportunity to purchase the property.
“This was a great transaction with a well-known business in the area who was able to use SBA financing to purchase a building of their own,” says Chis Hollenbeck.
Located on the hard corner of the Deer Valley Airpark, the busiest private aviation airport in the US according to Federal Aviation Administration (FAA) statistics, Deer Valley Crossing is conveniently located a mile from Honeywell and Cox Communications headquarters and less than 3 miles from the USAA Insurance Campus. With excellent visibility along Deer Valley Road, the property is less than 1 mile east of the I-17.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.