PTD Properties of  Tempe purchased a ±20,420 SF general industrial building at 1700 W. Drake Dr. for $1.475M through a lease/purchase arrangement.

Pete Klees with Cassidy Turley Arizona’s Industrial Group and Paul Boyle and Rick Danis with Cassidy Turley Arizona’s Capital Markets Group represented the seller, C&B Properties of Del Mar, Calif.

The buyer was represented by David Wilson of Daum Commercial during the transaction.

Built in 1986, and recently renovated, the office/warehouse building will house the buyer’s counter top business.