Commercial Properties, Inc. announced the sale of 1234 S. Power Rd. in Mesa. Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Investment Group represented the seller, Mesa Springs LLC, and the buyer, Vista Capital Fund LLC.
The ±16,333 SF, class-B office building was built in 1988 and is located adjacent to Superstition Springs Mall.
“This two-story office building features a nice interior lobby & common areas suitable for professional office tenants. The property offers easy access with frontage on the west side of Power Road, and is just off the US-60 in the Superstition Springs Mall District,” Tyson Breinholt commented.
The new owner/investor, Vista Capital Fund LLC purchased the multi-tenant property, which closed at a value of $1.19 million.
Commercial Properties Incorporated, and Breinholt and McCormick have retained the leasing for this property.