Phoenix, Ariz (October 20, 2025) — Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the successful sale of a ±48,600-square-foot industrial facility located at 4475 North 43rd Avenue in Phoenix, Arizona. The property, situated on ±4.8 acres just north of Indian School Road and east of 43rd Avenue, is currently leased to FedEx, a long-term credit tenant.
Jeff Hays and Sam Rutledge of Commercial Properties Incorporated represented both the seller, Phoenix Group Partnership LLC, and the buyer, Realterm, in the transaction. The property sold for $8,200,000 ($168.72 PSF).
“The sale of this facility underscores the continued vitality of Phoenix’s logistics and industrial investment market,” said Jeff Hays, SIOR. “Low-coverage, well-located sites with established national tenants remain among the most sought-after assets, especially within the central submarkets where land availability is increasingly limited.”
The building features high clear heights, multiple dock-high loading positions, and ample yard space suitable for logistics and distribution users. Its strategic location provides convenient access to major transportation corridors, including Interstate 10 and the Loop 202, positioning it as a prime asset in one of the nation’s fastest-growing industrial markets.
For additional information, please contact Jeff Hays at [email protected] or (480) 889-2552, or Sam Rutledge at [email protected] or (480) 621-3290.