Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a USDA approved food processing facility located at 1410 N 27th Lane in Phoenix, Arizona.
The entire property consists of approximately 38,300 square feet and is located just off Interstate 10 and 27th Avenue near the Interstate 17 interchange. Eric Jones of CPI’s Investment Specialist Team represented the seller, Torito Enterprises LLC.
Jones commented, “Lin’s Distribution Corporation will occupy the USDA Approved Food Processing facility to be used as a central food prep commissary for restaurants. The other half, approximately 19,120 square feet, of the building is leased to two other tenants with cold storage and freezer space.”
Fujing Realty represented Lin’s Distribution Corporation, who acquired the properties for $2.5 million dollars / $65.27 per square foot