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Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Hamilton Business Park.  The property consists of two industrial buildings with a shared fenced and secured yard positioned on .95 acres located at 503 & 505 East Boston Circle in Chandler, Arizona.

The buildings together equal approximately ±10,161 square feet, located in Elliot Commerce Park. Leroy Breinholt, David Bean and Cory Sposi of CPI’s Industrial Team represented the owner, Eric J & Susan Cassinat.

Breinholt commented, “This was simply two industrial buildings with a yard between them. The property was cleaned up and suited itself to any Industrial user that needed a yard, which was very hard to find. The property was only on the market for a couple of months, and sold to an owner/user.”

NAI Horizon represented the 1031 buyer, Pacific Desert LLC. Pacific Desert, LLC purchased the property for $1.129 million ($111 psf).

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Leroy Breinholt

David Bean

David Bean

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Cory Sposi

 

 

 

 

 

Leroy Breinholt, David Bean or Cory Sposi may be contacted for additional information at lbreinholt@cpiaz.com and 480.966.6593, dbean@cpiaz.com at 480.214.1105 or csposi@cpiaz.com at 480.621.4025.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and more than 180 projects under property management, totaling over 6.2 million square feet. Please visit our website at www.cpiaz.com.

Copyright © 2018 J & J Commercial Properties Inc.

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816 E Main St3450 and 3519 N Higley Rd4838 E Baseline Rd Bldg 2

Commercial Properties, Inc/CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of over 61,800 square feet of investment deals located in Mesa, Arizona.

First, near Falcon Field in Mesa, Andy Jaffe and Rex Griswold recently closed on 3450 & 3519 N Higley Road, a 18,946 square foot office property which was built in 2005.  Andy Jaffe and Rex Griswold represented the seller.  Brandon Koplin of CPI represented the 1031 buyer, CRE Strategic Investment.  Koplin commented, “My buyer was seeking a quick close scenario and this 100% leased opportunity was exactly what he was seeking in our market.”  Griswold commented, “The owner worked efficiently to meet the time table for the 1031 buyer and was engaged proactively to help close the deal.”

CRE Strategic Investment acquired the property for $2.25 million (118.75 psf).

Second, on the Northeast corner of Main & Horne, Andy Jaffe and Rex Griswold represented the buyer, Outlaw 5, LLC., purchased a 23,427 square foot retail property at 819 E Main Street in Mesa.  Jaffe commented, “This was a unique opportunity to help a client take an iconic bowling alley built in 1961 in Mesa and make it useful once more by converting it into a specialty auto parts store.”

Outlaw 5, LLC acquired the property for $900,000 ($38.40 psf).

Third, between Greenfield and Higley Roads, Seth Properties, LLC purchased a medical office condominium at 4838 E Baseline Road in the Commons at Pierpont in Mesa.  Andy Jaffe and Rex Griswold represented the seller of the 19,455 former heart surgery center.  Jaffe commented, “the fully built out surgery complex was equipped with 4 conference rooms, 30 offices, imaging and x-ray facilities with lead lined walls and 480 volt power.  The whole complex was purchased by doctors, whose intention is for it to be divided into five different doctors’ offices.”

Seth Properties, LLC acquired the investment property for $1,865,000 ($95.86 psf)

 

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Andy Jaffe

Andy Jaffe and Rex Griswold may be contacted for additional information at ajaffe@cpiaz.com and 480.522.2770 or rgriswold@cpiaz.com and 480.244.7222

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Rex Griswold

 

About Commercial Properties Inc./CORFAC International

CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and more than 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.

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Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of two industrial investment buildings located at 3249 & 3259 E Harbor Drive in Phoenix, Arizona.

The buildings equaled approximately ±42,001 square feet and are located in Southbank Business Center, just off the I-10 and 40th Street. Ron Schooler of CPI’s Investment Specialist Team represented the seller.

Schooler commented, “I originally helped the seller purchase this property as a 1031 exchange in 2012. I leased up the property with tenants like Bestway Inc. & Thyssenkrupp.  Thyssenkrupp is a steel production company based out of Germany with more than 57,000 employees.  Thyssenkrupp was ranked as the tenth-largest worldwide by revenue in 2015.  Bestway Corporation is based out of China, and specializes in multiple inflatable, water sports products, above ground pools and other outdoor items.  Both of these companies are strong, stable tenants, which bring value to these properties for any investor.”

Daum represented the buyer, Tashi G Zouras, Trustee, who acquired the properties for $4.8 million ($114 psf).

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Ron Schooler

 

Ron Schooler may be contacted for additional information at rschooler@cpiaz.com and 480.522.2770.

About Commercial Properties Inc./CORFAC International

CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.

Copyright © 2017 J & J Commercial Properties Inc.

 

3632-w-pinnacle-peak-soldCommercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a retail strip center located at 3632 W Pinnacle Peak Road in Phoenix, Arizona.

The building is approximately ±7,700 square feet, with prime frontage on Pinnacle Peak Road and 36th Avenue. Eric Butler of CPI’s Investment Specialist Team represented the owner, Sen’s Property, LLC.

Butler commented, “This property was fully leased at the time of the sale with a great tenant mix and a lot of upside on future rents.  Presenting investors an opportunity with stable, long-term tenants in a high traffic area in the Northwest Valley ended up generating multiple back up offers.”

The buyer, MNHF Investment, LLC, purchased the property for $1.5 million ($195 PSF).

 

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Eric Butler

Eric Butler may be contacted for additional information at ebutler@cpiaz.com and 480.522.2788.

 

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.

Copyright © 2017 J & J Commercial Properties Inc.

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Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the former Bayless Shopping Center.  The property is located at 3345 N 19th Avenue on the southeast corner of 19th Avenue and Osborn Road in Phoenix, Arizona.

Tom Semancik, of CPI’s Investment Specialist Team commented on the transaction, “The ±30,300 square foot center was built in 1950 and owned by the Bayless Investment and Trading Company for many years.  The buyer, CVP-19th & Osborn, LLC, intends to renovate the center.”

According to the Arizona Historical Society, the A.J. Bayless Company was once the largest grocer in Arizona.  In fact, right around 1962 they had 45 stores across the Valley.

Tom Semancik represented the seller, The Ireland Family Trust, in this transaction.
CVP-19th & Osborn, LLC purchased the property for the cash price of $1.74 million ($57 psf).

Tom Semancik may be contacted for additional information at tsemancik@cpiaz.com and 480.966.0419.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at http://www.cpiaz.com.

Copyright © 2017 J & J Commercial Properties Inc.

61-s-william-dillard-drCommercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial investment building located at 61 South William Dillard Drive in Gilbert, Arizona.

The building is approximately ±14,910 square feet, located in Elliot Commerce Park. Jeff Hays of CPI’s Industrial Team represented the owner, Sagamore Properties, LLC.

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Jeff Hays

Hays commented, “This property was built in 2006 as a build to suit for STARA Technologies and was later leased to Dish Network.”

 

Daum represented the buyer, Dishland LLC.
Dishland LLC purchased the property for $1.85 million ($124 psf).

Jeff Hays may be contacted for additional information at jhays@cpiaz.com and 480.889.2550.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.

Copyright © 2017 J & J Commercial Properties Inc.

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Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a multi-tenant retail strip center located at 1664 E Florence Boulevard in Casa Grande, Arizona.

The building is approximately 12,849 SF and is adjacent to Casa Grande Regional Medical Center.  Sarge Glenn commented, “At the time of the sale, the property was fully leased with stable tenants like, Cold Stone Creamery, UPS Store, Supercuts and Firehouse Subs.  SimonMed Imaging, will be an owner/user of the property occupying the former Washington Mutual Bank building, which is approximately 3,500 square feet.”  Sarge Glenn of CPI’s Industrial Team represented the seller, LBUBS 2004-C8 Retail 1664 LLC.

Mike Sayre of Cushman Wakefield represented the buyer, SimonMed Imaging, who purchased the property for $1.8 million.

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Sarge Glenn

Sarge Glenn may be contacted for additional information at sglenn@cpiaz.com or 480.214-1126.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.

Copyright © 2016 J & J Commercial Properties Inc.