DAUM Commercial Real Estate Services announced that it represented the buyer in the purchase of a two-story 27,000 sq. ft. office building situated on 6.3 acres of land located at 18185 N. 83rd Avenue, Glendale, Arizona. The purchase price was $3,507,925 ($129.92/sq. ft.).

Benjamin Johnson of DAUM’s Phoenix office represented AEK Property 7, LLC in the acquisition of the project. The property is zoned PAD. The development was constructed in 2005. The Buyer plans to lease up the remaining suites and hold as an investment for years to come.

Capital Asset Management represented the Seller, FNBN Properties, LLC, of Salt Lake City, UT.

Daum Commercial Real Estate Services is California’s oldest and most experienced commercial real estate brokerage company. Founded in 1904, Daum has nine offices throughout Southern California and Arizona. The company provides a full array of commercial real estate services, including brokerage, corporate services, consulting, leasing, sale and property management.

The Phoenix office of DAUM Commercial Real Estate Services has a broad geographical market area that covers all of Phoenix and the adjoining suburbs of Scottsdale, Mesa, Gilbert, Glendale, Chandler and Tempe, Arizona. Our tenured sales staff consists of specialists in industrial and office properties. The Phoenix office has successfully leased and sold numerous industrial and office buildings and land totaling millions of square feet.