CORFAC News

Contact: Jason Price
Commercial Properties, Inc.
Phone (480) 214-1107
Fax (480) 966-2307

Phoenix., AZ (July 30, 2012) - Located in the dynamic Queen Creek submarket, Bella Vista Village is a 33,256 square foot, multi-tenant retail center located on Hunt Highway.  The center is adjacent to Johnson Ranch Master Planned Community in San Tan Valley at 270 East Hunt Highway.  Nick Miner, CCIM, David Verwer, CCIM, and Homer Savard, CCIM of Commercial Properties Incorporated/CORFAC International exclusively represented the seller, and the property was purchased by an out of state investor.

After a successful marketing campaign showcasing the property to commercial real estate investors, the building closed escrow for $4,020,000.  “This is a great value add opportunity with good income being generated by the property,” said Nick Miner, CCIM of Commercial Properties Incorporated.  The center was built in 2004 and was listed for $4,350,000.

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 available square feet for sale or lease, and over 100 projects, approaching 4.5 million square feet under management. Please visit our web site at www.cpiaz.com.