Phoenix, AZ, November 12, 2015 --(PR.com
)-- John Filli represented the seller, Kadkhodaian, LLC in the negotiated sale of a 21,884 SF retail property, for $1,575,000.00. The property is located at 1316 S. Longmore Rd., Mesa, AZ. This was a sale of an Adaptive Reuse Building consisting of a former AMC Theater with 4 Auditoriums, a 1,402 SF Retail Suite, and a 1,402 SF Restaurant that was converted into a Banqueting, Conferencing, and Reception Center by filling in 3 of the 4 auditoriums with 2,729 cubic yards of concrete, finishing out each of the filled auditoriums into luxurious ballrooms, installing a waterfall/fountain feature in the lobby area, providing new tile and carpeting where needed, refurbishing the men’s and women’s restrooms, and transforming the existing restaurant into a catering Kitchen. The buyer, Seong Ho Lee, plans to convert 51% of the property to a Korean Marketplace, while retaining 49% for the current BCRC operation.
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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, Property Management and Appraisal 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 375 offices in 55 countries worldwide. For more information visit www.naihorizon.com.
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NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. 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. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
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