NAI Horizon recently represented JAM Apache Trail LLC in the $2.34 million disposition sale of Apache Trail Marketplace, 2430 W. Apache Trail in Apache Junction.
NAI Horizon Executive Vice President Lane Neville and Senior Associate Logan Crum represented the seller. The buyer, Olivia Pearl LLC, was represented by Ghirardo Real Estate Group and Steve Ghirardo, according to a release.
“Apache Trail Marketplace is a well-maintained and attractive property with longstanding tenants,” Mr. Neville said. “A unique attribute of this retail property is it is anchored by a strong medical tenant. Arizona Skin & Laser Therapy Institute, one of Arizona’s most renowned and regarded dermatology practices, occupies approximately 50% of the property with the longest lease term. Arizona Dermatology is a stabilizing force and a strong draw for the property.”
Other tenants at the 12,380-square-foot, multi-tenant retail property include Cricket Wireless, Fatman’s Pizza and Kure Corp.
Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. Go to naihorizon.com.