Commercial Properties Inc., is Announces 24k SF Office Sale

PHOENIX, ARIZ. Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1 & 51 West Elliot Road in Tempe, Arizona. Originally built in 1986, the multi-tenant office building is approximately 24,356 square feet and is conveniently situated on 1.96 acres just east of Kyrene Road at the intersection of Mill Avenue and Elliot Road.

Vice President of Sales & Leasing, Brandon Koplin represented the owner, 1 West Elliot LLC.  Koplin commented, “The property offered a great central Tempe location with access to multiple freeways, and was a great stabilized office investment.”

Alan Hayes of Realty Executives represented the buyer, Cerebro Capital, LLC.

For additional information, please contact Brandon Koplin at bkoplin@cpiaz.com and 480.214.1103.


About Commercial Properties Inc.

Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 55 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 21.6 million square feet for sale/lease with more than 195 projects and associations under management, totaling over 12.8 million square feet.

CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 50 U.S. markets, 5 Canadian markets and 23 international markets in 16 cities CORFAC offices completed more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017.


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