Phoenix, Arizona – November 24, 2020 – If Covid-19 was not challenging enough, the recent office sale in Phoenix exemplifies how great relationships in commercial real estate prevail. SVN Desert Commercial represented the buyer and the seller in a recent office sale in Phoenix. Seasoned advisor, Director of Retail Leasing & Sales Investments, Rommie Mojahed closed the deal for $650,000.
“There is no doubt that this deal really demonstrated a team effort from all the parties involved,” said Rommie Mojahed. “Due to the short time frame and hurdles within the deal, both buyer and sellers worked diligently to get this closed.” The office building is located at 3141 E. Clarendon Ave in Phoenix. The freestanding corner building is ±7,144 square feet with their own parking lot. It is located just south of Indian School near multiple freeways in any direction. The sellers Richard Cook, and Linda Cook sold to out of state buyers, Daylight Properties LLC. Daughter of the sellers, local Arizona resident Elaine Sanchez was instrumental in the preparation for the sale of the building. She was on site during the process and helped in every capacity. “Wow, the different great marketing makes! We are extremely happy with the results! SOLD!,” said Sanchez. The building will be leased long-term by Highgrade Labs. Highgrade CFO Elijah Lavicky stated, “Rommie was great to work with. He was responsive and extremely helpful every step of the way. We told him we wanted to move fast, and he pushed hard to make that happen.”
Highgrade Labs is an accredited, multi-state cannabis testing laboratory. In Arizona, cannabis products must be tested for pesticides, heavy metals, harmful microbes, and other contaminants before they can be sold in dispensaries. According to azmarijuana.com, there are nearly 120 medical marijuana dispensaries operating in Arizona. “Our team of professionals at Highgrade uses the state-of-the-art technology to generate accurate results quickly and consistently. We take pride in working with our grower and processor clients,” said Lavicky. Kyle Tarver will be operating at the new Phoenix location and they expect to hire anywhere between 10 – 20 employees over the next year or so. “The building has great bones, so we’ll do a few minor updates to get the space bright and sparkling,” stated Tarver. He continued to mention that the finished lab will have a sampling area and 5 separate offices for the chemists and their instruments. The new owners look forward to inviting everyone in to check out their newly renovated office when they open in January 2021.
Tarver said, “Working with Rommie was great. He was always in communication and I could count on him to answer any questions I had within the same day. He put us in touch with our general contractor who has also been a pleasure to work with.” Tarver also stated, ‘Two things I am looking forward to are learning about the history of the great city of Phoenix and being able to bring a little of the Highgrade culture to Arizona. I was very fortunate to arrive at a time when people are coming here from throughout the country to take advantage of the weather and opportunities, so it is very cool to be a part of it as we begin building our new team here.” The closed sale ended on a high note, but for Mojahed, the buyer and the seller, a special thanks goes to Diane Carpenter with Fidelity National Title for performing another miracle. “Working through a stale mortgage that was on title from a bank that no longer in existence was the biggest hurdle and learning experience I have gone through,” said Mojahed. Elaine Sanchez stated, “I highly recommend using SVN as qualified professionals. A special thank you to Director of Marketing & PR, Melissa Swader and SVN advisor Rommie Mojahed – you are the best.”
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.
Media Contact: Melissa Swader