10,992 SF RETAIL BUILDING SOLD IN MESA, ARIZONA
August 22, 2014
1021 E Main Street
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 10,992 SF freestanding, retail building located at 1021 E Main Street in Mesa, Arizona to Northern Partners Holding, LLC. Rex Griswold of CPI’s Tempe Office represented both the buyer and seller in this transaction.
1021 E Main Street is a single-tenant, retail building with frontage on Main Street. The building was formerly owned by Sebariz, LLC. The building was built in 1995 and is located just west of Stapley Drive, on Main Street which has traffic counts of approximately 30,965 vehicles per day.
Rex Griswold
The sale was valued at $720,000 ($65.50 per foot). Rex Griswold may be contacted for additional information at rgriswold@cpiaz.com, 480.244.7222.
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 ±16.7 million square feet for sale/lease, and 131 projects under property management, totaling more than 4.7 million square feet. Please visit our web site at www.cpiaz.com.
Copyright © 2014 J & J Commercial Properties Inc.
COMMERCIAL PROPERTIES REPORTS ON TOP TRANSACTIONS
July 2, 2014
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, reports its top transactions last week.
In total the firm completed 138 transactions in June for a total of 617,718 square feet.
Leading the Sales Transactions Category last week, Tyson Breinholt and Matt Zaccardi handled both sides of the deal for a ±45,016 SF office property sold to Pathfinder TRF P LLC, at 2045 S. Vineyard Avenue in Mesa for $2.35 million. Tyson Breinholt and Matt Zaccardi may be contacted for additional information at tbreinholt@cpiaz.com, mzaccardi@cpiaz.com or 480.966.2301
In office sales, Brandon Koplin sold ±12,000 SF office condominium at 13034 W. Rancho Santa Fe Blvd., in Avondale, Arizona to 525 South Douglas Street, LLC. Koplin commented, “This sale/leaseback deal required a sophisticated buyer for a very complex transaction. The building sold for $1.4 million cash, keeping the tenants in place.” Brandon Koplin may be contacted for additional information at bkoplin@cpiaz.com, or 480.214.1103
Jeff Hays, Chad Neppl, and Ryan Steele just closed an off market investment sale. The ±19,012 SF Industrial building on approximately 2 acres of land is located at 331 S Price Road in Chandler, Arizona. The building sold to MDB 331 S Price Road, LLC for $1.3 million. Jeff Hays, Chad Neppl, and Ryan Steele may be contacted for additional information at jhays@cpiaz.com, cneppl@cpiaz.com, rsteele@cpiaz.com, or 480.966.2301.
Leroy Breinholt sold a ±14,863 SF industrial property at 7424 S Atwood Street in Mesa, Arizona to 7424 S Atwood, LLC, for $1,074,400. “The building was ideal for the owner/user, who plans to use the space as a local distribution center,” said Breinholt. Leroy Breinholt may be contacted for additional information at lbreinholt@cpiaz.com, or 480.966-6593.
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 more than 55.5 million square feet for sale/lease, and 130 projects under property management, totaling approximately 4.5 million square feet. Please visit our web site at www.cpiaz.com.
Copyright © 2014 J & J Commercial Properties Inc.
Commercial Properties Incorporated (CPI) proudly announces the sale of a 53,823 square-foot property located in the East Valley at 6402 E. Superstition Springs Blvd. in Mesa, Ariz. Ken Elmer of CPI’s Scottsdale Office brokered the sale for Westwind Holdings, LLC in Chandler to the new owner, Tierra Properties VII, Prescott, Ariz.
“This high-quality office space ideally matched the buyer’s criteria, and even more appealing, was its 89 percent occupancy rate,” Elmer said.
The sale was valued at $7.1 million ($131.91 per square foot). CPI and Elmer have retained the property leasing rights with the new owner.
Contact Ken Elmer at (480)522-2778.
CPI ANNOUNCES THE LEASE OF A 62,949 SF INDUSTRIAL PROPERTY IN MESA, AZ
November 16, 2012
235 S. Hibbert Street
Commercial Properties Incorporated (CPI) announces the lease of a 62,949 square foot industrial building in Mesa, Arizona. John Hart, Shane McCormick, and Tyson Breinholt of Commercial Properties Incorporated represented the landlord, Erenberg Brothers. Roofing Supply Group of Arizona, LLC is the new tenant taking occupancy of the property at 235 South Hibbert Street this month. Roofing Supply Group of Arizona, LLC was represented by Bill Honsaker of Jones Lang LaSalle and Sharon Morrison of Transwestern in Texas.
The terms of the lease were not disclosed.
CPI is a CORFAC International affiliate, full-service brokerage and property management firm for all product types. Headquartered in Tempe, the company has over 50 brokers and occupies two offices locally. Currently, CPI’s listings include more than 55.5 million square feet for sale/lease, and over 120 projects under property management, approaching 4.5 million square feet. Please visit our web site at www.cpiaz.com.
Copyright © 2012 J & J Commercial Properties Inc.
Tyson Breinholt Matt Zaccardi
Phoenix –October 11, 2012 – Commercial Properties Incorporated (CPI), announces the sale of a 22,946 square foot portfolio of properties in Glendale, Mesa, and Gilbert, Arizona. Tyson Breinholt and Matt Zaccardi of Commercial Properties Incorporated represented both the seller and the buyer of the 13 condo units included in this portfolio, consisting of general office and medical office space.
After a successful marketing campaign showcasing the property to commercial real estate investors, the building closed escrow for $1,893,000.
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 over 50 brokers and occupies two offices locally. Currently, CPI’s listings include more than 55.5 million square feet for sale/lease, and over 100 projects under property management, approaching 4.5 million square feet. Please visit our web site at www.cpiaz.com.
Copyright © 2012 J & J Commercial Properties Inc.
Commercial Properties, Inc. Releases Recent Transaction List
September 4, 2012
COMMERCIAL PROPERTIES RECENT TRANSACTIONS
Featured in Commercial Executive Magazine: http://www.cem-az.com/articles.php?id=403
Sale Transactions
Jason Scanlan and Leroy Breinholt represented the buyer, Corporation of the Presiding Bishop, in the sale of 459,653 SF (10.552 Acres) for $3,677,224. Chad Russell and Randy Titzck of Land Advisors Organization were also involved in the transaction. The seller was Dos Compadres Association (WM Grace Development Company).
John G. Soldo, SIOR negotiated the sale of a 39,993 SF industrial building representing the buyer, DMDE Properties, LLC, for $2,120,000. The property is located at 730 West 22nd Street in Tempe, AZ. Greg Dodge and Josh Wyss of Cassidy Turley BRE represented the seller, Magnotto Thompson Properties.
Rex Griswold negotiated the sale of a 14,337 SF industrial building representing both the seller, DCSJ, LLC., and the buyer, St. Ignatius Greek Orthodox Church of Antioch for $1,100,000 at 5515 E. Redmont Circle in Mesa, AZ.
Lease Transactions
John G. Soldo, SIOR and Leroy Breinholt represented the landlord, San Tan Development, LLC., in a 68,733 SF, multi-year lease transaction of a two building complex at 2805 W. Frye Road, and 315 South Bracken Lane in Chandler, AZ. The new tenant is B2E Surplus, LLC.
Darin Edwards and Leroy Breinholt represented the landlord, SFERS Real Estate Corp. M for a multi-year lease of 1849 West Drake Drive, Suite 101/102 in Tempe, AZ. Jason Scanlan represented the tenant,Elite Delivery Services who leased 28,000 SF.
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 over 50 brokers and occupies two offices locally. Currently, CPI’s listings include more than 55.5 million square feet for sale/lease, and over 100 projects under property management, approaching 4.5 million square feet. Please visit our web site at www.cpiaz.com. Copyright © 2012 J & J Commercial Properties Inc.
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