Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1234 S Power Road in Mesa, Arizona. Tyson Breinholt & 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. Tyson Breinholt commented. “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.”
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 Tyson Breinholt and Shane McCormick have retained the leasing for this property.