Commercial Properties Incorporated (CPI) announced the sale of an 88,407 SF Industrial property located in Phoenix.

John Soldo and Leroy Breinholt of CPI’s Industrial Team represented the buyer, Chrisman Lock Chiang, in the recent purchase of 43 North 48th Ave. in Phoenix.

“Chrisman Lock Chiang is a tool and manufacturing owner/user from California who purchased this building for cash.  The property sits on approximately 4 acres of land,” Soldo commented.

The sale was valued at $2.5 million ($28.27 per square foot). Jerry McCormick and Cooper Fratt of CBRE represented the seller, Atkinson Land Holdings, LLC in this transaction.