CORFAC News

Scottsdale, Ariz: Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 8722 E San Alberto Drive, Scottsdale, Arizona.  Ron Schooler, and Kenneth Elmer of CPI's Scottsdale Office Investment Group represented the seller, K.B. San Alberto LLC.  The buyer had no broker representation in this transaction.

The ±10,216 SF, Class B office building is located in Scottsdale, Arizona just north of Via de Ventura, and west of Pima Road in the Ranch Office Park subdivision.

The new owner/investment group, Mack Management, LLC purchased the fully leased property, which was valued at $1.8 million ($176.00 per foot) based on ±10,216 SF.

Ron Schooler and Kenneth Elmer may be contacted for additional information at rschooler@cpiaz.com, 480.522-2770, or kelmer@cpiaz.com, 480.522.2778.

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.