CORFAC News

Tempe, AZ (October 31, 2014) — Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1305 N 27th Avenue.  Jeff Hays, Chad Neppl and Ryan Steele of CPI's Tempe Industrial Group represented the buyer in this transaction.

The ±26,104 SF, Industrial Truck Terminal is located at 1305 N. 27th Avenue in Phoenix, Arizona adjacent to I-10, and just off 27th Avenue & McDowell Road.

Jeff Hays commented, " The property offers the new owner, Ralison Properties Holding, LLC, a 55 door, cross-dock facility and a large paved site with easy access to I-10 and I-17.  This site is ideal for their transloading operations receiving general cargo, paper products, tiles, wood and more."
 
The sale was valued at $1.7 million ($65.00 per foot) based on ±26,104 SF situated on 5.5± acre site.

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.