Former Brentwood Industries building sells for $4.5M
Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, announced the sale of the former Brentwood Industries industrial manufacturing building. Z & E Holdings Group LLC (Global Trading Marketing Inc.) purchased the property for $4.5 million ($88.24 psf). The property is located at 13770 W Peoria Avenue, just east of Litchfield road with frontage on Peoria Avenue in Surprise, Arizona.
The building is approximately ±51,000 square feet and is located in the Glendale Industrial submarket with a 24” clear ceiling height for product storage. The property has a large paved and fenced lot to house products outside of the building. There are six exterior loading docks on a platform and three over oversize drive-in doors. .Andy Jaffe, Sr. Vice President at CPI and President of CORFAC International along with Rex Griswold of CPI’s Industrial Team represented the buyer, Z & E Holdings Group LLC (Global Trading Marketing Inc.).
Jaffe commented, “Z & E Holdings Group, LLC purchased the property and will house Global Trading Marketing Inc. The company came to Arizona because they found they could not economically expand in Southern California. They were pleased to be able to purchase this property with nearly 8.4 acres of land to allow for future expansion with the option to sell the 4.2 acres of surplus land in the future. Proximity to Interstate 10 made this building ideal for distribution to all the markets they serve, including their main operation in Santa Fe Springs, California.”
Global Trading Marketing Inc., provides warehouse racking, conveyors, storage bins, workbenches, ladders, and commercial shelving solutions to all types of businesses.
Griswold commented, “Rich Boyd and his team at CPI Building Services Inc., is assisting the new owner with updating and refinishing the property to meet the market needs.”
Colliers International represented the seller, Brentwood Industries, Inc.