Tag Archives: commercial properties inc

2602 S 47th St, CPI, WEB

Logisticare Solutions leases 62KSF in Phoenix

Commercial Properties, Inc. announce the lease of 2602 S. 47th St., Suite 100 in Phoenix on Friday.  Leroy Breinholt, Darin Edwards and John G. Soldo, SIOR of CPI’s Tempe Industrial Group represented the landlord in this transaction.

The ±61,658 SF, multi-tenant, flex building was built in 1985 and is located just north of University Drive, east of 44th Street and south of Phoenix Sky Harbor Airport.

Edwards commented, ” The property offers the new tenant, Logisticare Solutions, LLC, the ability to increase their operations with the additional square footage, take advantage of the heavy parking available and be centrally located to the airport. LogistiCare provides state government agencies, managed care organizations and hospitals non-emergency, comprehensive transportation programs.”

Eric Ramer of ICON Commercial in Atlanta, GA represented the new tenant, Logisticare Solutions, LLC in this transaction.

6145 W Detroit Street, WEB

Talon Test Labs buys industrial space in Southpark Business Center

Commercial Properties, Inc. announced the sale of 6145 W Detroit Street, Chandler, Ariz.  Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the buyer in this transaction.

The ±24,565 SF, freestanding research and development/manufacturing building is located at 6145 W Detroit Street in Chandler, Arizona just north of Chandler Blvd., and east of Kyrene Road in Southpark Business Center.

“The property offers the new owner, Talon Test Labs, a fully air conditioned building for their non destructive testing services on composites, plastics, powdered and exotic metals for the aerospace, automotive, power generation and medical industries. Talon Test Labs is doubling building square footage,” commented Hays.

The sale was valued at $1.7 million ($69.00 per foot) based on ±24,565 SF.  Jim Wilson and Brian Feist of Cushman & Wakefield Phoenix and New York City represented the seller, 228-32 W 42nd St Realty Corp in New York.

1305 N 27th Ave, WEB

Industrial truck terminal sold for $1.7M in Phoenix

Commercial Properties, Inc., announced the sale of 1305 N. 27th Ave.  Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the buyer in this transaction.

The ±26,104 SF, Industrial Truck Terminal is located at 1305 N. 27th Avenue in Phoenix, Arizona adjacent to I-10, and just off 27th Avenue & McDowell Road.

Hays commented, ” The property offers the new owner, Ralison Properties Holding, LLC, a 55 door, cross-dock facility and a large paved site with easy access to I-10 and I-17.  This site is ideal for their transloading operations receiving general cargo, paper products, tiles, wood and more.”

The sale was valued at $1.7 million ($65.00 per foot) based on ±26,104 SF situated on 5.5± acre site.

Hewson Dover Business Park, CPI, WEB

CPI sells Hewson Dover Business Park in Mesa

Commercial Properties, Inc. announced the sale of Hewson Dover Business Park.  Tyson Breinholt, Trent Rustan and Josh Gosnell of CPI’s Tempe Office & Retail Group represented the seller in this transaction.

The 11,424 SF, class-B office building is located at 4344 E. Presidio Street in Mesa on the NW corner of Greenfield Road and Presidio Street.  The property offers close proximity to the Loop 202 and is just north of Falcon Field Municipal Airport.

Rustan commented, “cross-marketing and re-use of space was the key to getting a $1M building sale in Mesa. During the bull market, everything was going fine. The building was built in the most unlikely of locations, but it was a build-to-suit. A 11,000 SF full service spa was built next to Falcon Field in Mesa. Fully built out with hair salon, nail stations, massage room, showers, lockers and a beverage counter – everything the tenant could deliver to take advantage of all of the prosperity and new growth in North Mesa and Gold Canyon, but they never got the chance. The real estate crash of 2008 put a quick end to that business plan — and the building sat vacant ever since.”

4344 E Presidio Street is a 100 percent leased, multi-tenant, class-B office building which was built in 2005 and formerly owned by Fisher Holding Company LLC.

Gosnell said, “since we were unlikely to find another 11,000 SF day spa to take this building, we had to think outside the box and market the building to different types of users – office, industrial, medical.”

Breinholt added, “A doctor has purchased the building with the intention of retrofitting the building into his medical practice, which will operate out of the property. This is a use that really makes sense. The doctor is able to use the existing structure and much of the interior rooms, but retro fit the interior for their own unique use. It was a win-win.”

965 N Acacia Drive, WEB

Fiesta Ranch warehouse sells in Gilbert

Andy Jaffe, CPI

Andy Jaffe, CPI

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 10,366 SF industrial warehouse located in Fiesta Ranch Commerce Park at 965 North Acacia Drive in Gilbert, Ariz. Andy Jaffe, SIOR of CPI’s Tempe Industrial Group represented the buyer, D&F Properties, LLC in this transaction.

Andy Jaffe, SIOR commented, “The property was originally only listed for lease and my client made an offer to purchase the property.  Kent Hanson represented the Lorenzo M Contreras Family Trust, who ultimately accepted the offer and the deal closed in under 30 days from fully executed contracts.”

965 N. Acacia Dr. is a freestanding warehouse building previously owned by the Lorenzo M Contreras Family Trust, and is located just north of Guadalupe Road and east of McQueen Road in Gilbert.  The reinforced concrete industrial warehouse was built in 2003 and is located in close proximity to major freeways and has excellent parking.

Jaffe, added, “D&F Properties, LLC is the new owner/operator, which will be setting up a manufacturing and distribution center for a company that they own, to expand here in Gilbert.  D&F Properties, LLC is based out of San Jose, California.”

The sale was valued at $960,000.

Cavan Commercial_Phoenix-Mesa Gateway Site Plan, CPI, WEB

Cavan Commercial leases 7.5 acres at Phoenix-Mesa Gateway Airport

Commercial Properties, Inc. (CPI) announced the land lease of approximately 7.5 acres for the future development of approximately 100,000 SF multi-tenant industrial buildings located on the corner of Sossaman Road & Velocity Way and just south of the airport terminal. Leroy Breinholt and David Bean of CPI’s Tempe Industrial Group represented both Phoenix-Mesa Gateway Airport and Cavan Commercial, and will retain the lease listing of the completed project.

Michael Merk, Director of the Phoenix Mesa Gateway Authority commented, “Phoenix-Mesa Gateway Airport is one of the fastest growing regional hub airports in the U.S., flying over 1.45 million passengers annually.  Currently it’s home to Allegiant Airlines, Arizona State Polytechnic University, Chandler Gilbert Community College.”

Breinholt and Bean are working closely with Cavan Commercial consulting on the proposed designs of the multi-phase industrial project which is starting construction in early 2015.  LGE Design Group is going to design and build the project which includes more expansion options in the future.

Merk added, “According to population and growth estimates from the Maricopa Association of Governments, Phoenix-Mesa Gateway Airport and surrounding areas will boast over 100,000 new jobs by 2035, making it one of the largest employment centers in the state of Arizona.”

Dale Cavan, of Cavan Commercial, commented, “We are excited to expand into this rapidly growing submarket in Arizona which needs new product to meet increasing demand.  We identified the need for more manufacturing space as available inventory continues to shrink and rental rates climb higher.  Along with the prospect of bringing more jobs, this project will offer new tenants industrial/office suites with truckwells, secured storage yards, and large grade level doors, which are highly sought after in this product type.”

Sapphire Scientific leased 31KSF at 21430 N. 15th Ln. in Phoenix.

Sapphire Scientific leases 31KSF in Phoenix

Commercial Properties, Inc., announced the lease of a 31,034 SF industrial suite located at 21430 N. 15th Ln. in Phoenix. John G. Soldo, SIOR of CPI’s Tempe Industrial Group represented the tenant in this transaction.

The property is a multi-tenant warehouse building owned by Columbia Arizona 15Th Industrial LLC, and is located just south of the Deer Valley Airport and south of Deer Valley Road and 15th Lane in Phoenix. The reinforced concrete building was built in  2005 and offers the new tenant immediate access to the I-17, Loop 101 and SR-51 freeways.

John G. Soldo, SIOR said, “The new tenant, Sapphire Scientific, Inc, designs and manufactures the industry’s most powerful, efficient truck mounted carpet cleaning accessories. The Class A, institutional property offered them 30′ of clear height, truckwell and grade level loading for their equipment.  Sapphire Scientific is headquartered in Prescott, Arizona, so this location off I-17 was ideal for my client.”

Steve Sayre represented the landlord, Lincoln Property Company.

Andy Jaffe (L) Receives Olen Monsees Award from Robert Tillsley in Chicago.

CPI’s Andrew Jaffe wins CORFAC ‘unsung hero’ award

CORFAC International 2014 President Robert Tillsley, SIOR, announced that Andrew Jaffe,SIOR, with Tempe, Arizona-based Commercial Properties Incorporated/CORFAC Internationalhas won CORFAC International’s Olen Monsees Award.

The Olen Monsees Award recognizes the CORFAC individual as the ‘Unsung Hero’ for the CORFAC member who goes above and beyond without being asked and with little recognition. Andy Jaffe, SIOR certainly fits this description.

In presenting the award to Jaffe, Robert Tillsley cited Jaffe’s involvement with CORFAC:
    2015 Appointed Member – Executive Director At-Large of CORFAC International
    CORFAC Strategic Planning Committee and Membership Committee
    2007 CORFAC Winner for Largest Value Office Joint Assignment
    2010 CORFAC Winner for Top R&D Size Assignment
    2012 CORFAC Winner for Top Investment Value & Size

“Through the years Andy has been a great contributor to CORFAC International’s initiatives and he is a highly accomplished individual in the commercial real estate world. Andy is sincere, hard-working and fulfills his commitments. He is a worthy award winner,” said Tillsley.

Andrew is active in professional organizations, including the Society of Industrial and Office Realtors (SIOR). His background includes working with Fortune 500 Companies as well as other large firms, such as Suntech Power Holdings, United Rental, The Federal Bureau of Investigation, the United States Postal Service, the State of Illinois, Sonic Wall, Kindred Health Care and Apria Health Care. Additionally, he has serviced many mid-sized firms and entrepreneurs.

Olen Monsees (1940-2012), was the president of Karbank Real Estate Company and colleague since 1969.

Olen was an iconic figure in the Kansas City real estate brokerage community.  He distinguished himself with his plain spoken wisdom, his quiet dignity and his low-keyed manner that engendered deep loyalty among his clients, friends and colleagues.  His focus was always to get the job done properly.  He worked with a natural sense of responsibility, without complaint, without excuses.  Olen was the finest of gentlemen.

Jaffe was presented the award earlier this month at CORFAC International’s Fall Summit in Chicago.

Offices at Sundown Ranch, WEB

Offices at Sundown Ranch sold

Commercial Properties, Inc. announced the sale of The Offices at Sundown Ranch.  Eric Butler of CPI’s Scottsdale Office Group represented the seller in this transaction.

 

The 6,291 SF, Class B office condo is located at 8434 E Shea Blvd., in Scottsdale, Arizona and is right off Shea Blvd., just west of the Loop 101.  The property offers close proximity to major medical centers including Scottsdale Healthcare Center.

 

The Offices at Sundown Ranch is a 100% leased, single-tenant office condo built in 2001 which was formerly owned by 85th & Shea Office LLC.

 

The sale was valued at $1,250,000 ($199.00 per foot).

CPI, WEB

CPI sells 11KSF retail building in Mesa

Commercial Properties, Inc., announced the sale of a 10,992 SF freestanding, retail building located at 1021 E Main Street in Mesa, Ariz., to Northern Partners Holding, LLC. Rex Griswold of CPI’s Tempe office represented the seller in this transaction.

1021 E. Main St. is a single-tenant, retail building with frontage on Main Street.  The building was formerly owned by Sebariz, LLC.  The building was built in 1995 and is located just west of Stapley Drive, on Main Street which has traffic counts of approximately 30,965 vehicles per day.

The sale was valued at $720,000 ($65.50 per foot).

3215 N Nevada Street, CPI, WEB

E&E Tradeshow Rentals leases 10KSF at Arizona Corporate Center

Commercial Properties, Inc., announced the sale of a 10,672 SF freestanding, industrial building located in Arizona Corporate Center at 3215 N Nevada Street in Chandler, Arizona to E&E Tradeshow Rentals and Properties. Eric Jones and Leroy Breinholt of CPI’s Tempe Office represented the seller in this transaction.

3215 N Nevada Street is a single-tenant building with a fenced yard, a truck well, and three 14 foot roll up doors.  The building was formerly owned by Berkshire Delaware, LLC.  The building was built in 2007 and is located just north of Elliot Road., and east of Arizona Avenue.

The sale was valued at $1,300,000 ($121.81 per foot).

10636 N 71st Way, WEB

CPI sells Sundown Plaza in Scottsdale for $1.95M

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 13,400 SF retail strip center located at 10636N 71st Way in Scottsdale, Ariz. Matt Zaccardi of CPI’s Tempe Office represented the buyer in this transaction.

10636 N 71st Way – Sundown Plaza is a multi-tenant strip center formerly owned by Silverbell Plaza, LLC.  The corner lot property was built in 1973, tenants include Discount Tire, Starbucks, Jack in the Box and other popular businesses. The property is located just north of Shea Blvd., and is on the west side of Scottsdale Road.  Matt Zaccardi said, “The buyer, Jaylynn Properties, LLC was actively seeking investment properties like this center. Fortunately, Sundown Plaza had 100% occupancy, a solid tenant history, and was in the perfect geographic area for my client.”

The sale was valued at $1,950,000 ($145.52 per foot).

1929 N Rosemont, CPI, WEB

CPI sells 10KSF industrial property in Mesa

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 10,093 SF industrial warehouse building located at 1929 N. Rosemont in Mesa, Ariz. Andy Jaffe, SIOR and Rex Griswold of CPI’s Tempe Office represented both the buyer and the seller in this transaction.

The reinforced concrete building was built in 2000, and is part of a 85,000 SF project. 1929 N Rosemont is a single tenant building formerly owned by the Lawrence & Laurie Rudner Family Trust. KDS Properties, LLC purchased the property which is located just south of Loop 202 off McKellips Road, and west of Higley Road.  The building is conveniently located across from Falcon Field Municipal Airport.

The sale was valued at $812,500 ($80.50 per foot).

Velocity Retail, WEB

Velocity Retail Group reports recent transactions

Below is a summary of Velocity Retail Group, LLC recently completed transactions:

Goodwill Industries will be opening a new retail store at the southwest corner of Arizona Avenue and Riggs Road in Candler, Ariz.  Andy Kroot of Velocity Retail Group negotiated the ten-year lease of 27,600 SF on behalf of the tenant. The landlord, Greenway 32, LLC, was represented by Bob Rusing of Arizona Partners Retail.

Velocity Retail Group represented Tokyo Joe’s in a ten-year lease of 2,500 SFnorth of the northeast corner of Baseline Road and Val Vista Drive in Gilbert, Ariz. The landlord was represented by Trent Rustan of Commercial Properties.  A second Tokyo Joe’s was also signed at Chandler Pavilions at the southeast corner of Ray Road and Interstate 10 in Chandler.  The 2500 SF store will be opening in the former Barbeques Galore space during the 3rd quarter.  The landlord was represented by Cliff Johnston of Cassidy Turley BRE.

Integrity Staffing leased a 6,005 SF free-standing building at the Agua Fria Towne Center, located at the northeast corner of Camelback Road and Loop 101 in Glendale, AZ. Velocity Retail Group’s Judi Butterworth, Nick Ault, and Michael Clark represented the landlord. The tenant was represented by Michael Prochelo of Financial Management Group.

Nick Ault of Velocity Retail Group represented Yummi Sushi in a three-year lease of 3,797 SF at the northeast corner of Thunderbird Road and 32nd Street in Phoenix.  The landlord was represented by Reuel Couch of The Restaurant Brokers.

Representing the landlord at the Sun Village Fair Shopping Center at the NEC of Warner Road and Alma School Road in Chandler, Ariz., Michael Clark, John Jackson, and Larry Miller of Velocity Retail Group leased a 1,507 SF space to Third Party MVS Services on a five year lease. Sun Village Fair is one of eleven valley centers that Velocity Retail Group represents for owner NorthStar Realty Finance Corp.

Denny’s Restaurants was represented by Andy Kroot of Velocity Retail in the 10-year least of 5,695 SF at the NWC of I-17 and Dunlap Avenue, in Phoenix. The Winco/Conn’s Shopping Center was represented by Gordon Keig of Kornwasser Properties.

Larry Miller and John Jackson of Velocity Retail represented Edward Jones Investments in the five year lease of 1,100 SF at Lindsay Groves on the SWC of Lindsay Road and Germann Road in Gilbert, Ariz. The landlord was represented by Matt Zaccardi of CPI. Edward Jones Investments plans to relocate their Gilbert office to the new location in October of this year.

Miller and Jackson also represented The Sherwin Williams Company in the ten year lease of 4,000 square feet West of the Southwest corner of Happy Valley Road and 19th Avenue in Phoenix, AZ. The landlord, Happy Valley Towne Court, was represented by Jerry Roberts of NNN Amercia. The lease represents the first of several stores Sherwin Williams plans to open in 2015, as they expand their North Phoenix footprint.

Westfest LLC, owners of Desert Sky Festival located at the southeast corner of Thomas Road and 75th Avenue recently completed a 3-year lease with CFC financial for a 1200 square foot space.  Judi Butterworth from Velocity Retail, and Paul Serafin of De Rito Partners co-listed the project and negotiated on behalf of the Landlord.

Darren Pitts of Velocity represented Uptown Cheapskate in a five-year lease of 4056 square feet at Chandler Gateway shopping center located at the northeast corner of Chandler Boulevard and Chandler Village Parkway.  The landlord is Chandler Gateway SPE, LLC.  The retailer is a sister company of Kid to Kid, and will focus on teen and tween resale and new clothing and accessories.  The store is planning to open by 3rd quarter of this year.

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.

2500 E Chambers Street

CPI sells 100KSF manufacturing building in Phoenix

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage,  announced the sale of a 99,969 SF industrial property located at 2500 E. Chambers St. in Phoenix. Jeff Hays, Chad Neppl and Ryan Steele of CPI’s of Tempe Office represented the seller, BH Chambers, LLC in this transaction.

The concrete tilt building was built in 1995 on ± 6 Acres in the South Airport Industrial Submarket. The single-tenant property is located just South of Roeser Road and East of 24th Street in Southern Garden Industrial Park.

Chad Neppl commented, “The Buyer, District Photo, required a quick close in order to get a jump start on their improvements for their upcoming peak holiday season.”  The ±100,000 square foot building met the buyer’s requirement for their production use.  This transaction was a win-win for both parties.”

The sale was valued at nearly $5.2 million.

900 N Fiesta 01, CPI, WEB

CPI sells 62KSF industrial building in Gilbert

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 62,413 SF industrial property located at 900 North Fiesta Blvd., in Gilbert Arizona. Jim Stockwell of CPI’s of Tempe Office represented Rhodes Family Trust in this transaction.

The reinforced concrete building was built in 1999 and is a single tenant building formerly owned by the Md 900 Fiesta Llc.  The property is 100% leased to Air Transport Components, and located just North of Guadalupe Road and East of Arizona Avenue in Gilbert Tech Center.

Jim Stockwell commented, “Rhodes Family Trust purchased the property as part of a 1031 tax deferred deal. The attractive component for the buyer was the long-term NNN lease tenant, Air Transport Components, that came along with the transaction.”

The sale was valued at $6.85 million.

Gilbert industrial, CPI, WEB

CPI sells 74KSF industrial property in Gilbert

Commercial Properties, Inc. announced the sale of a 74,514 SF industrial property located at 1620 W. Sunrise Blvd., in Gilbert Arizona.  Jeff Hays, Chad Neppl, and Jim Stockwell and Mike Goldwater of CPI’s of Tempe Office handled both side of the deal.

Jeff Hays and Chad Neppl represented the seller, MJA Investments, Inc., and Jim Stockwell and Mike Goldwater represented Rhodes Family Trust in this transaction. The reinforced concrete building was built in 2000 and is a single tenant building which is 100% leased to Stara Technologies, Inc., just North of Elliot Road and West of McQueen Road in Sunrise Business Park.

Jim Stockwell commented, “Here is a little indication on CPI’s market saturation in the Phoenix Southeast Valley; Leroy Breinholt originally sold the lot for a build-to-suit project to LGE back in 2000. Jeff Hays and Chad Neppl leased it to Stara Technologies, Inc., in 2012.  Then, Mike and I sold it to Rhodes Family Trust in a 1031 tax deferred, off market deal.”

The sale was valued at $6.65M.

Airport Business Center

CPI sells 26KSF industrial property in Scottsdale

Bob Deininger, Commercial Properties, Inc.

Bob Deininger, Commercial Properties, Inc.

Commercial Properties, Inc. has announced the sale of a 26,010 SF industrial property located at 7830 East Redfield Road in Scottsdale, Arizona.  Bob Deininger and Craig Trbovich of CPI’s Scottsdale Office represented the buyer, DRD Properties, LLC, in this transaction.  Airport Business Center was built in 1984, and is a multi-tenant building near the corner of Redfield Road and Hayden Road within the  Scottsdale Airpark Industrial Park.

Craig Trbovich, Commercial Properties, Inc.

Craig Trbovich, Commercial Properties, Inc.

According to Bob Deininger, “DRD is a private equity investor who owns other properties here in the Valley.  This transaction was part of a 1031 exchange, and Airport Business Center was a perfect match for their multi-tenant, investment property requirements.”

The sale was valued at $2.65 million.  Bob & Craig have retained the leasing assignment for Airport Business Center, and may be contacted for additional information at bdeininger@cpiaz.com or ctrbovich@cpiaz.com or 480.966.2301.

8100WBuckeye Road, WEB

Nuclear response center in Tolleson sells

Commercial Properties, Inc. announced the sale of a 72,570 SF industrial property located at 8100 W. Buckeye Rd. in Tolleson, Ariz.  Andy Jaffe, SIOR of CPI’s Tempe office represented the buyer, Barnhart Crane and Rigging Company, in this transaction.  The masonry building was built in 1998 and is a single tenant building near the corner of 83rd Avenue and Buckeye Road as part of a regional nuclear response center.

Andy Jaffe

Andy Jaffe

This center was established in response to the Fukushima accident in Japan in 2011 where power was lost to effectively cool the reactor.  The Phoenix center will be capable of getting the necessary equipment on-site using air and ground transportation within 24 hours to any site in America.

Randy Edington, executive vice president and chief nuclear officer at Arizona Public Service Company, which operates the Palo Verde nuclear facility commented, “Equipment from the regional response centers will enable all nuclear plant operators to protect their reactors and used fuel storage pools until normal power and cooling systems are restored.  This is an addition to other measures, including built-in safety systems, the use of on-site portable emergency equipment, and portable equipment and materials on hand at all 62 nuclear energy facilities that can be utilized and shared during an emergency.”

Each facility contains five sets of equipment including portable backup generators, pumps, standardized couplings and hoses to be deployed into the field, and will undergo regular testing for operability.

According to Andy Jaffe, SIOR, “Their final decision to occupy was the large amount of land on-site, and overhead doors that aligned for ease of ingress and egress of their equipment.  Also, it was a clear spanned building, which permits movement of their equipment, and proximity to the airport and freeway accessibility were key factors.”

The sale was valued at $3.9 million.

6902 W. Hadley St., Phoenix

CPI reports top land, industrial transactions

Commercial Properties, Inc. (CPI), Arizona’s largest locally owned commercial real estate brokerage, reported its top transactions for last week.

In land sales, Bob Deininger and Donn Kinzle handled both sides of the deal for 8.7 acres of land located east of the southeast corners of Daisy Mountain Road and Meridian Drive to Merrill Gardens.

“Merrill Gardens is a family run company with 21 senior living communities located in Alabama, California, Nevada and Washington. Their plans include a brand new 123,000 square foot senior care facility which will address the needs of residents by focusing on their high standards of service, and long-term commitment to quality and security,” said Kinzle. Merrill Gardens purchased the property for $1,042,000.

Jeff Hays, Chad Neppl, and Ryan Steele leased a ±51,260 SF industrial property at 6902 W. Hadley Street in Phoenix to Brian and Serena Moran dba Sun Country Trailers and Towing Equipment, and PlayCraft Trailers. The 20 year old company will continue manufacturing all types of trailers and towing equipment at their new location on Hadley Street in Phoenix.

According the Jeff Hays, “The 6.75 acre site was formerly occupied by Wells Cargo Trailers, and came with a paint spray booth which made it ideal for the new tenant in the same line of business.” The terms of the lease were not disclosed.

1030 N Colorado Street

Commercial Properties, Inc., announces 22,186 sf office space lease in Gilbert

Commercial Properties, Inc. is pleased to announce the lease of 22,186 SF of office space located at 1030 North Colorado Boulevard in Gilbert, Arizona. Tyson Breinholt of CPI’s Tempe Office represented the new tenant, Ready Auto Transport, LLC, in this transaction. The property is a 37,037 SF multi-tenant building just east of South Country Club Drive, on the corner of West San Angelo Street and North Colorado Street.

According to Breinholt, “The new tenant, Ready Auto Transport, LLC has over 30 years of experience transporting automobiles throughout the United States. The company endeavors to provide the most accurate and cost effective auto shipping services available throughout the nation.”

Chris Hook and Michael Conner of CBRE represented the Landlord.

Tyson Breinholt may be contacted for additional information at 480.966.7513

819-835 W. 22nd St.

Commercial Properties Releases Transaction List

Commercial Properties, Inc. reported its top five recent transactions.

In total the firm completed 128 transactions in March for a total of 888,662 SF.

Leading in sales transactions was Leroy Breinholt and Darin Edwards, who handled both sides of the deal for a 42,886 SF Industrial space sold to WNG Industrial, LP, at 819 – 835 West 22nd Street in Tempe for $2,250,000.

In land sales, Eric Butler and David Verwer sold approximately 4 acres for the owner at 6424 E Cave Creek Road, in Cave Creek, Arizona to Schuey, LLC, for  $973,420.

Ken Elmer leased a ±4,600 SF retail space at 10330 N. Scottsdale Road in Scottsdale to Arizona Urgent Care,LLC in the Total Wine Center.  “This pad building is just south of Shea Blvd on the Scottsdale road frontage, and was formerly occupied by Alphagraphics,” said Elmer.

Jeff Hays, Chad Neppl and Ryan Steele sold approximately 2 acres of industrial land at 4010 E. Raymond Street in Phoenix to McGilicuddy Industrial Partners, LLC, for $670,000. “The buyer is planning to construct a  ±30,000 SF Office/Warehouse freestanding building,” said Hays.

Andy Jaffe, SIOR handled both sides of the deal and sold a 5,500 SF office property at 5020 N. 8th Place in Phoenix for $550,000 to 777 Properties, LLC.  “This was an essential piece of a larger deal which Earnhardt’s has planned for a Lexus Dealership at Camelback Road and 8th Place,” said Jaffe.

Executive Q&A: Leroy Breinholt

Leroy BreinholtLeroy Breinholt
President/Designated Broker, Commercial Properties Inc.

Years in CRE: 28
Years at company: 28

What attracted you to the industry?
I wanted to be a salesman and be in real estate since I was a child.

How has the industry changed since you started?
Technology has increased the pace of the business. You have to be “on your game” more.

What’s the most significant deal you’ve brokered?
Lincoln Meadows Business Park was my most significant sale at $28.8M for 215,000 SF of buildings with excess land.

What are three qualities of a great broker?
Responsiveness, respect for others and integrity.

What gets you through tough business days?
Family, religion and the real purpose of life

What’s the most influential professional advice you’ve received?
Try to work harder and smarter. Don’t compete against others, just try to be the best you can at what you do everyday.

What’s one of the biggest market changes or areas of growth you predict happening in Phoenix’s near future?
I believe development and land sales will be the area of growth again as more high tech firms look to relocate or expand into Phoenix.