CORFAC News

Contact: Jason Price
Commercial Properties, Inc.
480- 214-1107
jprice@cpiaz.com

Tempe, AZ (October 14, 2014) - Commercial Properties, Inc.,/CORFAC International Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 10,366 SF industrial warehouse located in Fiesta Ranch Commerce Park at 965 North Acacia Drive in Gilbert, Arizona. Andy Jaffe, SIOR of CPI's Tempe Industrial Group represented the buyer, D&F Properties, LLC in this transaction.

Andy Jaffe, SIOR commented, "The property was originally only listed for lease and my client made an offer to purchase the property.  Kent Hanson represented the Lorenzo M Contreras Family Trust, who ultimately accepted the offer and the deal closed in under 30 days from fully executed contracts."

965 North Acacia Drive is a freestanding warehouse building previously owned by the Lorenzo M Contreras Family Trust, and is located just north of Guadalupe Road and east of McQueen Road in Gilbert.  The reinforced concrete industrial warehouse was built in 2003 and is located in close proximity to major freeways and has excellent parking. 

Jaffe, added, "D&F Properties, LLC is the new owner/operator, which will be setting up a manufacturing and distribution center for a company that they own to expand here in Gilbert.  D&F Properties, LLC is based out of San Jose, California."

The sale was valued at $960,000. Andy Jaffe, SIOR may be contacted for additional information at ajaffe@cpiaz.com, 480.214.1132.

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 ±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.