21
Apr2014
Commercial Properties Inc./CORFAC Is Pleased To Announce The Sale Of A 39,994 SF Investment Property In Phoenix, Arizona
Tempe, AZ (April 21, 2014) - Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 39,994 SF industrial investment property located at 2328 East Van Buren Street in Phoenix, Arizona. Leroy Breinholt and Cal Johnson of CPI's Tempe Office represented the seller, Business Property Trust, LLC, in this transaction. Airport Business Plaza was built in 1982, and is a multi-tenant building near the corner of 24th Street and East Van Buren Street.
According to Leroy Breinholt, "Airport Business Plaza is just minutes away from Phoenix Sky Harbor Airport, and was an attractive investment that was 95% leased when WLA Investments, Inc purchased the property this month." The sale was valued at $2,050,000 ($52.18 PSF). Leroy and Cal may be contacted for additional information at 480.966.2301.
About Commercial Properties Inc./CORFAC InternationalCPI 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.
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