7424 S Atwood Street, WEB

Commercial Properties Inc. reports its top transactions

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, reports its top transactions last week.

In total the firm completed 138 transactions in June for a total of 617,718 SF.

Leading the sales transactions category last week, Tyson Breinholt and Matt Zaccardi handled both sides of the deal for a ±45,016 SF office property sold to Pathfinder TRF P LLC, at 2045 S. Vineyard Ave. in Mesa for $2.35M.

In office sales, Brandon Koplin sold ±12,000 SF office condominium at 13034 W. Rancho Santa Fe Blvd., in Avondale, Ariz., to 525 S. Douglas St., LLC.  Koplin commented, “This sale/leaseback deal required a sophisticated buyer for a very complex transaction. The building sold for $1.4M cash, keeping the tenants in place.”

Jeff Hays, Chad Neppl, and Ryan Steele just closed an off market investment sale.  The ±19,012 SF Industrial building on approximately 2 acres of land is located at 331 S Price Road in Chandler, Ariz. The building sold to MDB 331 S. Price Rd., LLC for $1.3M.

Leroy Breinholt sold a ±14,863 SF industrial property at 7424 S Atwood Street in Mesa, Ariz., to 7424 S. Atwood, LLC, for $1,074,400. “The building was ideal for the owner/user, who plans to use the space as a local distribution center,” Breinholt.

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Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.