CORFAC News

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 14287 N. 87th Street (2nd floor), a 12,204 SF office condo in Scottsdale, Arizona. 

Scott Nelson from CPI’s Scottsdale office represented the buyer, Spooner Real Estate LLC. Scott Nelson commented, “Through our diligent process we were able to identify this opportunity as an ideal fit to serve as Spooner Physical Therapy's new Headquarters. The Class A improvements and suitable floor plan made this space nearly plug and play.”

Located just south of Raintree Drive and west of Pima Road and the Loop 101 freeway at 14287 N 87th Street, this Class B office building overlooks Pima Road with Loop 101 visibility.  Pima Commerce Center is minutes away from multiple upscale restaurants and retail amenities at Kierland Commons and Scottsdale Quarter, open-air shopping centers, and Scottsdale Airpark Airport with easy freeway access to Loop 101.

Spooner Real Estate LLC purchased the building for $3,417,120/$280.00 PSF.

For additional information, please contact Scott Nelson at snelson@cpiaz.com.

About Commercial Properties Inc./CORFAC International
Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 65 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI's listings include over 21.6 million square feet for sale/lease with more than 197 projects and associations under management, totaling over 13.2 million square feet.