Jeff Hays and Sam Rutledge of Commercial Properties Incorporated represented the seller, Brasa Capital Management / Wagonhound Land and Livestock Co. & ATLAS. Jeff and Sam also represented the buyer, Innovative Land and Development LLC. The property sold for $6,700,000 / $464.47 PSF.
For additional information, please contact Jeff Hays at jhays@cpiaz.com or (480) 889-2552, or Sam Rutledge at srutledge@cpiaz.com or (480) 621-3290.
About Commercial Properties Inc.
Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 65 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 22 million square feet for sale/lease with more than 205 projects and associations under management, totaling over 12 million square feet.
CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 75 national and international markets.
Copyright © 2024 J & J Commercial Properties Inc.
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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF AN INDUSTRIAL OFFICE/WAREHOUSE WITH A SECURED YARD IN CHANDLER, AZ
March 25, 2022 — Chandler, Ariz: Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial manufacturing building in the Southeast Valley in Chandler, Arizona. The 25,000 SF building is situated on 1.93-acres in the SouthPark Business Center located at 6145 W Detroit Street. Constructed in 1995, the property is conveniently situated off Chandler Boulevard and Kyrene Road which is just minutes from the I-10 and Loop 202 SanTan freeways.
Jeff Hays, Sr. Vice President – Corporate Services on the Sales & Leasing Team at Commercial Properties Incorporated represented the owners, Paul & Marilyn Teagle Family Trust, as well as the buyer, 5970 Marion Drive, LLC. Hays commented, “The property is fully air-conditioned with heavy power, overhead bridge cranes, an auxiliary generator, and a fenced yard for equipment storage.”
5970 Marion Drive, LLC purchased the property for $4,080,000 or $163.20 per square foot.
For additional information, please contact Jeff Hays at jhays@cpiaz.com or (480) 889-2552.
About Commercial Properties Inc.
Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 65 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 21.6 million square feet for sale/lease with more than 210 projects and associations under management, totaling over 14 million square feet.
CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 75 national and international markets.
Copyright © 2022 J & J Commercial Properties Inc.
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56,274 SF Pima Medical Institute Campus Sold in Mesa
June 24, 2021
Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the Pima Medical Institute campus, a ±56,274 square foot, two-building property on a 4.29-acre site. Located at 941 & 957 S Dobson Road, the two buildings have frontage on Dobson Road, which feeds directly to the U.S.-60 and Loop 101 Freeways.
Tyson Breinholt, Partner/Associate Broker, and Leroy Breinholt, President/Designated Broker for Commercial Properties, Inc., represented the sellers, 941 S Dobson Road, LLC, and 957 S Dobson Rd, LLC in the sale of this prime medical campus investment offered at a 9.0% CAP rate.
“Pima Medical Institute was established 48 years ago and currently serves approximately 10,000 students through a network of 18 campuses providing students with Bachelors and Associate degrees as well as Certificates in numerous highly-specialized and in-demand medical careers. Pima Medical Institute is a great tenant and long-term client of mine who will continue to occupy the campus, and just renewed their lease for another 7-years, making this an attractive investment,” said Tyson Breinholt.
The buyer, Yalee Investments LLC, purchased the campus for $9,500,000 / $168.81 per square foot. Jeff Hays, Senior Vice President – Sales & Leasing with Commercial Properties, Inc., who represented the buyer stated, “My client considered this purchase a value-add opportunity with strong credit and a good return.”
For additional information, please contact Tyson Breinholt, Leroy Breinholt, and Jeff Hays at tbreinholt@cpiaz.com and 480.966.7513 or lbreinholt@cpiaz.com and 480.966.6593 or jhays@cpiaz.com and 480.889.2552.
About Commercial Properties Inc.
Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 65 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 21.6 million square feet for sale/lease with more than 207 projects and associations under management, totaling over 13.2 million square feet.
CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 55 U.S. markets, and 20 international markets.
Copyright © 2021 J & J Commercial Properties Inc. ###
20,851 SF INVESTMENT BUILDING SOLD IN PHOENIX, AZ
August 24, 2016
Commercial Properties, Inc. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the Cambridge Industrial Building in Phoenix, AZ.
The building is approximately 20,851 SF and is located at 3617 W Cambridge Avenue in the Park Thomas Business Center, near 37th Avenue and Thomas Road.
Jeff Hays & Alex Kaufmann
Jeff Hays and Alex Kaufmann of CPI’s Industrial Team represented the owner, CRUX Development LLC.
One of CPI’s CORFAC International affiliates, Mike Ewing with The Andover Company in Seattle, Washington represented the buyer, MCEWE LLC.
Mike Ewing
Hays commented, “The property is 94% leased and is an 8.6% cap rate on stabilized rents. Arizona Department of Juvenile Corrections is one of the four tenants located in the building.”
The purchase price was $1.75 million.
Jeff Hays and Alex Kaufmann may be contacted for additional information at jhays@cpiaz.com, and 480.889.2552 or akaufmann@cpiaz.com at 480.889.2657. Mike Ewing may be reached at mewing@andoverco.com or 206.357.5483.
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 179 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.
About The Andover Company/CORFAC International
Established in 1978, The Andover Company, Inc. was formed to provide professional real estate brokerage services for businesses that require more versatility and support than can be offered by a sole practitioner, and more personalized service than is normally available from a national firm. A team approach enables us to out-perform the industry in market share and transaction volume. Our most valued asset is our reputation. It is paramount each Andover transaction be conducted with the highest ethical standards. Please visit our web site at www.andoverco.com
Copyright © 2016 J & J Commercial Properties Inc.
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Commercial Properties, Inc. is pleased to announce the purchase of Corporate Center at Kierland in Scottsdale, Arizona. Trent Rustan and Josh Gosnell represented the Scottsdale-based buyer, Kierland Sky, LLC in the purchase of the 107,860 square foot, Class A office building at 14635 North Kierland Boulevard in Scottsdale, Arizona. Barry Gabel and Chris Marchildon of CBRE represented the Seller.
Rustan spent several months working with the buyer identifying potential properties. Kierland Sky’s representative commented, “Trent and his team at Commercial Properties went above and beyond for us in this entire process.”
Trent added, “We searched for just the right combination of location and pricing to meet the terms of our Client’s 1031 requirement and knew the Corporate Center at Kierland would be a great fit. I want to thank Barry and his team at CBRE for really making this a smooth process.”
According to public records, Kierland Sky, LLC purchased the property for $24,350,000.
Trent Rustan may be contacted for additional information at trustan@cpiaz.com, or 480.966.5155
Josh Gosnell may be reached at jgosnell@cpiaz.com, or 480.621.4022
About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate and Arizona’s largest locally owned commercial full-service real estate Brokerage and Property Management firm. Based in Arizona, the company has more than 50 agents and occupies offices in both Tempe and Scottsdale. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 170 projects under property management, totaling over 6 million square feet. Please visit our web site at www.cpiaz.com.
Copyright © 2016 J & J Commercial Properties Inc.
SOFTWARE FIRM LEASED 16,377 SF IN SCOTTSDALE, AZ
January 6, 2016
Acoma Business Center – 7812 E Acoma Drive
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Hypur Inc. Hypur is a next generation software development firm that enables financial institutions to utilize technology in an intelligent manner that helps manage risk and proactively serve their clientele. Chad Dearmore of CPI’s Scottsdale Office Group represented Hypur in the search for a property that allowed this innovative tenant to have a creative work space that met their needs.
Dearmore worked directly with the CEO in identifying the property, structuring the deal and negotiating the lease to combine both suites 7 & 8 in Acoma Business Center, for a total of ±16,377 SF. Acoma Business Center at 7812 E Acoma Drive is conveniently located in the Scottsdale Airpark just off Hayden Road, and is listed by Shell Commercial.
Chad Dearmore commented. ” This dynamic client required a creative office environment to both attract and retain top level talent in the software development industry. Working with JTA Commercial Interiors, 7812 E. Acoma Drive’s two story open flex layout gave us the freedom to design a progressive office space that reflects Hypur Inc. innovative vision.” The ±16,377 SF lease resulted in $1.35 million in total consideration.
Chad Dearmore may be contacted for additional information at cdearmore@cpiaz.com, or 480.522.2808.
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 over 160 projects under property management, totaling more than 6 million square feet. Please visit our web site at http://www.cpiaz.com.
About Hypur Inc.
Hypur represents the future of commerce for cash intensive businesses and high-risk challenging industries. Hypur’s technology provides financial institutions with a state-of-the-art compliance platform that enables them to profitably bank these businesses – revolutionizing the businesses and the communities they operate in. For more on solutions that allow you to know your customers better and rise above the competition, visit our web site at www.hypur.com.
Copyright © 2015 J & J Commercial Properties Inc.
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16,194 SF INDUSTRIAL BUILDING SOLD IN PHOENIX, AZ
July 2, 2015
4830 S 36th Street, Phoenix, AZ
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 16,194 SF industrial manufacturing building located at 4830 S 36th Street in Phoenix, Arizona. Jeff Hays of CPI’s Tempe Industrial Team represented the seller, Hadco Corporation, in this $1.065 million sale.
The site offers convenient freeway access and is located south of Broadway Road and east of 32nd Street. The buyer, Advanced Interior Electronics, a full service home electronics provider, was represented by Century 21.
Jeff Hays may be contacted for additional information at jhays@cpiaz.com, or 480.889.2552.
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 150 projects under property management, totaling 5.7 million square feet. Please visit our web site at www.cpiaz.com.
Copyright © 2015 J & J Commercial Properties Inc.
1911 W Parkside Lane – Phoenix, AZ
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1911 W Parkside Lane, a ±32,221 SF building in Parkside Business Center in Phoenix, AZ. Tyson Breinholt of CPI’s Investment Specialists Team represented the buyer, OPNS, LLC in this transaction.
Tyson Breinholt commented, “Parkside Business Center was a great location for the Brewer Companies (buyer) to relocate their corporate offices and main location for their growing needs. The project offers a private yard with plenty of growth space for further expansion in Arizona. The building has two stories of office space with ±25,000 SF of warehouse, plus storage space for shipping and receiving with a paved, fenced yard.”
Yard & Double Truck Well
The transaction resulted in $3.3 million in total consideration. The sellers, Denali National Trust were represented by Shell Commercial.
Tyson Breinholt
Tyson Breinholt may be contacted for additional information at tbreinholt@cpiaz.com, 480.966.7513.
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 to serve clients. Currently, CPI’s listings include over ±20 million square feet for sale/lease, with over 150 properties and associations under management, totaling 5.7 million square feet. Please visit our web site at cpiaz.com or call 480.966.2301.
Copyright © 2015 J & J Commercial Properties Inc.
10,800 SF Office Building Sold In Scottsdale Airpark
June 5, 2015
16020 N. 77th Street
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 16020 N. 77th Street, a ±10,800 SF office building in Scottsdale Airpark in Scottsdale, AZ. Craig Trbovich and Phill Tomlinson of CPI’s Scottsdale Office Group represented the seller, Bill Bonnstetter of TTI Performance Systems in this transaction.
Interior reception area
Craig Trbovich commented, “The 10,800 square foot flex building at 16020 N 77th Street offered a great opportunity for the buyers, Mike and Maria Ryan of Cactus Mailing to have a larger facility than their current leased location, invest in tenant improvements using SBA funding and enable them to hire an additional 4 employees.”
The transaction resulted in $1.2 million in total consideration. The buyers, Mike and Maria Ryan were represented by Cross Commercial Realty Advisors. Craig Trbovich and Phill Tomlinson may be contacted for additional information at ctrbovich@cpiaz.com, 480.522.2799 or ptomlinson@cpiaz.com at 480.522.2800.
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 150 projects under property management, totaling 5 million square feet. Please visit our web site at cpiaz.com or call 480.966.2301.
Copyright © 2015 J & J Commercial Properties Inc.
±12,800 SF OFFICE BUILDING SOLD IN CHANDLER, AZ
March 10, 2015
Aquila Ocotillo – 3155-3165 S Price Road, Chandler, AZ
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a ±12,800 square foot office building. Winters Arizona, LLC purchased 3155-3165 S Price Road in Chandler. Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented the seller, SFGVI Properties LLC, in this transaction.
The buyer purchased the ±12,800 SF, Class A building in the Ocotillo Lakes Community. Aquila Ocotillo is part of a ±51,164 SF office complex located along the Price Road Corridor, on the Southeast corner of Price Road and Queen Creek Road.
Tyson Breinholt commented. “The building was fully leased to one tenant which made for a somewhat smooth and simple transaction. The architecture, both inside and out, was complimentary to the area and presented well allowing for a quicker than normal escrow timeline.”
The transaction closed at a value of $1.86 million in total consideration. Tyson Breinholt and Shane McCormick may be contacted for additional information at tbreinholt@cpiaz.com, or 480.966.7513 or smccormick@cpiaz.com or 480.968.9618.
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 ±21.2 million square feet for sale/lease, and 140 projects under property management, totaling 5 million square feet. Please visit our web site at http://www.cpiaz.com.
Copyright © 2015 J & J Commercial Properties Inc.
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