CORFAC News

Contact: Jason Price
480-214-1107
jprice@cpiaz.com

June 16, 2014 (Tempe, AZ) - Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 99,969 SF industrial property located at 2500 East Chambers Street in Phoenix, Arizona. Jeff Hays, Chad Neppl and Ryan Steele of CPI's of Tempe Office represented the seller, BH Chambers, LLC in this transaction.

The concrete tilt building was built in 1995 on ± 6 Acres in the South Airport Industrial Submarket. The single-tenant property is located just South of Roeser Road and East of 24th Street in Southern Garden Industrial Park.

Chad Neppl commented, "The Buyer, District Photo, required a quick close in order to get a jump start on their improvements for their upcoming peak holiday season."  The ±100,000 square foot building met the buyer's requirement for their production use.  This transaction was a win-win for both parties."

The sale was valued at nearly $5.2 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.
 
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 130 projects under property management, totaling more than 4.5 million square feet. Please visit our web site at www.cpiaz.com.