{"id":1004204528,"date":"2018-01-23T09:08:34","date_gmt":"2018-01-23T17:08:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204528"},"modified":"2022-12-04T17:04:50","modified_gmt":"2022-12-05T01:04:50","slug":"rich-uncles-buys-avair-hq-in-arizona-for-27m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/","title":{"rendered":"Rich Uncles Buys AvAir HQ in Arizona for $27M"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004204529\" style=\"width: 360px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004204529\" data-attachment-id=\"1004204529\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/avair-headquarters\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS REBEL T1i&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1502499497&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"AvAir Headquarters\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;AvAir Headquarters&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg?w=800\" class=\"wp-image-1004204529 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\" alt=\"AvAir Headquarters\" width=\"350\" height=\"283\" \/><\/a><p id=\"caption-attachment-1004204529\" class=\"wp-caption-text\">AvAir Headquarters<\/p><\/div>\n<p>Lee &amp; Associates has arranged the sale of AvAir headquarters, a 162,714-square-foot creative office and warehouse space in Chandler, Ariz., for $26.5 million, which equates to approximately $163 per square foot. The company worked on behalf of the buyer, Rich Uncles NNN REIT Inc., whereas Tiffany &amp; Bosco PA represented the seller, Reasons Aviation LLC. The sale agreement allows AvAir to lease the facility for 15 years.<\/p>\n<p>The asset is located at 6877 and 6971 W. Frye Road, along Santan Freeway, near the intersection of Interstate 10, Maricopa Freeway and E. Pecos Road. Built in 2015, the property occupies 6.17 acres in the Santan Technology Park. Features include:<\/p>\n<ul>\n<li>dock leveler<\/li>\n<li>dock bumpers<\/li>\n<li>truck court<\/li>\n<li>loading court<\/li>\n<\/ul>\n<p><em>\u201cAvAir\u2019s headquarters created an ideal opportunity for Rich Uncles to break into the Valley market by acquiring a new cutting edge, creative office\/warehouse development with a global aviation tenant,\u201d<\/em> said Andy Ogan, principal of Lee &amp; Associates Arizona, in prepared remarks. <em>\u201cThis transaction will provide long-term, durable cash flows in a market poised for sustained growth and capital appreciation.\u201d<\/em><\/p>\n<p>In December 2017, Lee &amp; Associates also brokered the sale of a 35,5542-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/\">industrial warehouse in Tempe<\/a>, Ariz.\u00a0<\/p>\n<p><em>Image courtesy of Lee &amp; Associates\u00a0<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lee &amp; Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot. <\/p>\n","protected":false},"author":871,"featured_media":1004204529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[32762,38940],"class_list":["post-1004204528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-lee-associates","tag-rich-uncles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rich Uncles Buys AvAir HQ in Arizona for $27M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rich Uncles Buys AvAir HQ in Arizona for $27M\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-23T17:08:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T01:04:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/\",\"name\":\"Rich Uncles Buys AvAir HQ in Arizona for $27M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\",\"datePublished\":\"2018-01-23T17:08:34+00:00\",\"dateModified\":\"2022-12-05T01:04:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/AvAir-Headquarters.jpg\",\"width\":800,\"height\":620,\"caption\":\"AvAir Headquarters\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-uncles-buys-avair-hq-in-arizona-for-27m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rich Uncles Buys AvAir HQ in Arizona for $27M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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