Commercial Properties, Inc. Announces $6.7 Million Sale in Phoenix

PHOENIX, AZ (April 30, 2024) — Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally-owned commercial real estate brokerage, is pleased to announce the industrial sale of ±14,425 SF cross-dock industrial outdoor storage (IOS) building. The ±5.15 acre parcel is located on the NWC of 51st Ave and Mohave Street in the heart of the distribution and trucking corridor in Southwest Phoenix, Arizona.

Jeff Hays and Sam Rutledge of Commercial Properties Incorporated represented the seller, Brasa Capital Management / Wagonhound Land and Livestock Co. & ATLAS. Jeff and Sam also represented the buyer, Innovative Land and Development LLC. The property sold for $6,700,000 / $464.47 PSF.

For additional information, please contact Jeff Hays at jhays@cpiaz.com or (480) 889-2552, or Sam Rutledge at srutledge@cpiaz.com or (480) 621-3290.