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 portfolio in Chandler, Arizona. The 34,730 SF Commonwealth Business Park consists of three buildings at 116 N Roosevelt Avenue in Chandler, Arizona. The business park was originally developed in 1985 and is conveniently located off I-10 and Chandler Boulevard just west of Kyrene Road, and approximately 23 minutes from Sky Harbor International Airport.
The Leroy Breinholt Team at Commercial Properties Incorporated represented the seller, Elbert L. Adams Trust, and represented the local 1031 buyer, Top Ten Partners LP. Cory Sposi on the Leroy Breinholt Team commented, “The trustee had us take this portfolio to the market and we immediately got several offers. Ultimately, a local 1031 buyer we represented closed on this deal, as well as another property in Phoenix.”
Top Ten Partners LP purchased the property for $3.5 million/$100.77 per square foot.
For additional information, please contact the Leroy Breinholt Team at firstname.lastname@example.org and 480.966.6593.