Commercial Properties, Inc. Announces Sale of a Bank-Owned Industrial Warehouse with Secured Yard in Tempe

Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial warehouse with a secured yard in Tempe, Arizona.    The 11,047 SF industrial building at 664 W Warner Road in Tempe, Arizona, was originally built in 2005 and is conveniently situated on Warner and Kyrene Roads which is just minutes from the I-10 and Loop 202 South freeways and approximately 19 minutes from Sky Harbor International Airport.

Jeff Hays, Sr. Vice President – Corporate Services on the Sales & Leasing Team at Commercial Properties Incorporated represented the bank-owned property for Velocity Financial, Inc.  Hays commented, “The property ultimately offered the buyer a fully air-conditioned warehouse space with a 2,800 square foot secured yard in a great southeast valley location.”

Steve Schnitzer represented the buyer of the property, Argyle Holdings, LLC who purchased the property for $1.275 million/$115.42 per square foot.

For additional information, please contact Jeff Hays at jhays@cpiaz.com and 480.889.2552 or Tate Gunning at tgunning@cpiaz.com and 480.634.2328.

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