Medical OfficeNews

Commercial Properties, Inc. Announces the Sale of Sun West Professional Medical Office Building

Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Sun West Professional Building, a ±17,800 square foot, multi-tenant property on a 1.7-acre site and was built in 2001.

Located at 13920 W Camino Del Sol, the medical/office property has frontage on Camino Del Sol which connects to Meeker Blvd., and feeds directly to the U.S. – 60 and 303 Freeways.

Eric Butler, Senior Vice President – Sales & Leasing for Commercial Properties, Inc., was the only broker involved in this transaction.  The seller was Dale Cutler of CDS Professional Building LLC, a local owner.

“CRG Sun Medical, LLC was an out-of-state buyer from Florida who purchased this property as an investment with upside to lease out the remaining suites.  The building was approximately 70% leased at the time of the sale,” said Eric Butler.

The buyer, CRG Sun Medical, LLC, purchased the building at a 6.5% CAP rate for $2,640,000 / $148.31 per square foot.

For additional information, please contact Eric Butler at ebutler@cpiaz.com and 480.522.2813.