Commercial Properties Inc. Announces Sale of $3 Million, ±25,200 SF Medical Office Building

PHOENIX, ARIZ.  –  Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of the Missouri Professional Plaza.

This iconic ±25,200 SF medical office building is located just east of 12th Street with frontage on Missouri Avenue in Central Phoenix.

Jeff Hays, Sr. Vice President of Corporate Services at CPI represented the buyer, Next Gen North Phoenix, LLC.

Hays commented, “The Missouri Professional Plaza was originally built in 1975 and designed by renowned local architect, Al Beadle.  Last year, new lobby improvements were completed to appeal to the Medical/Dental tenants that occupy the two-story building which was 60% occupied at the time of the sale.”

Next Gen North Phoenix, LLC purchased the property for $3.0 million ($119.05 psf).

Jeff Hays may be contacted for additional information at jhays@cpiaz.com or 480.889.2552.


About Commercial Properties Inc./CORFAC International

CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 55 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and more than 195 projects under property management, totaling over 11.5 million square feet. Please visit our website atwww.cpiaz.com.

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