CORFAC News

Tempe, AZ (November 10, 2014) - Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 6145 W Detroit Street, Chandler, Arizona.  Jeff Hays, Chad Neppl and Ryan Steele of CPI's Tempe Industrial Group represented the buyer in this transaction.

The ±24,565 SF, freestanding research & development/manufacturing building is located at 6145 W Detroit Street in Chandler, Arizona just north of Chandler Blvd., and east of Kyrene Road in Southpark Business Center.

Jeff Hays commented, " The property offers the new owner, Talon Test Labs, a fully air conditioned building for their non destructive testing services on composites, plastics, powdered and exotic metals for the aerospace, automotive, power generation and medical industries. Talon Test Labs is doubling building square footage."

The sale was valued at $1.7 million ($69.00 per foot) based on ±24,565 SF.  Jim Wilson and Brian Feist of Cushman & Wakefield Phoenix and New York City represented the seller, 228-32 W 42nd St Realty Corp in New York.

Jeff Hays, Chad Neppl and Ryan Steele may be contacted for additional information at jhays@cpiaz.com, 480.889.25523, cneppl@cpiaz.com, 480.889.2553 or rsteele@cpiaz.com, 480.889.2556.

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 140 projects under property management, totaling more than 4.7 million square feet. Please visit our web site at www.cpiaz.com.