Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a ±9,002 square foot office condo. Ron Schooler and Kenneth Elmer of CPI’s Scottsdale Office Group represented the seller, Cazona Commercial Properties, LLC in this transaction.
RLB Real Estate Holdings LLC purchased the ±9,002 SF Class B Office condo in the Indian Bend Corporate Center, at 8111 East Indian Bend Road. The Indian Bend Corporate Center is located just east of Hayden Road, on Indian Bend Road.
Kenneth Elmer commented, “This condo was built in 2003 and is conveniently located just 2 miles west of the Loop 101 and 1.25 miles east of Scottsdale Road. The condo offers professional office space with well appointed interior finishes.”
DTZ represented the buyer, Resnick & Louis, P.C., a law firm that moved out of the Offices @ Raintree Center. The transaction resulted in $1.413 million in total consideration.