CORFAC News

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

Tempe, AZ (October 1, 2013) - Commercial Properties Incorporated/CORFAC International (CPI) proudly announces the sale of two industrial buildings located in Phoenix, Arizona.

Jeff Hays and Chad Neppl of CPI’s Industrial Team with Tom Snider of Cassidy Turley in San Jose represented the seller, Hadco Corporation for 3510 E Atlanta Avenue property.  Hadco Corp, is a technology firm owned by San Mina-SCI Corporation in San Jose, California that previously renovated and occupied the property.  Jeff Hays and Chad Neppl fully leased the property to Eberle Design Inc, and Electronic Devices, Inc prior to selling it to the new owner, Dunbar Atlanta Ave, LLC. 

“Dunbar, a real estate investment firm from California purchased this 100% AC, flex building on approximately 2.21 acres of land,” Hays commented.

The sale was valued at $2.15 million ($71.48 per square foot). Ken McQueen of Lee & Associates represented the buyer in this transaction.

In addition, Jeff Hays and Chad Neppl also represented Hadco Corporation on the investment sale of a 25,430 industrial building at 3502 E. Atlanta Avenue in Phoenix, Arizona. 

“Harry Ross Industries, a private investor from California, paid cash for the 1.96 acre property after we had the building fully leased to Joe Enterprises, Inc,” said Hays. 

The sale was valued at $1.78 million ( $70.00 per square foot). Pat Takash of PT Properties represented the buyer.

These two industrial properties represent two of the four buildings Hadco Corporation occupied previously.  Currently, CPI is marketing a 16,194 SF and a 15,553 SF property that both Jeff Hays and Chad Neppl have available for sale or lease.

Contact Jeff Hays at (480)889-2552 & Chad Neppl at (480)889-2553.

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 over 50 brokers and occupies two offices locally to serve clients. Currently, CPI's listings include more than 55.5 million square feet for sale/lease, and over 125 projects under property management, totaling approximately 4.5 million square feet. Please visit our web site at www.cpiaz.com.