CORFAC News

05 Apr2019

Commercial Properties Inc./CORFAC International Completes $1.6 Million Office Condo Sale

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 15215 S. 48th Street in Ahwatukee, Arizona. Comprised of 5,930 square feet, this medical office condominium is located just north of Chandler Boulevard on 48th Street in the Reserve at Foothills Vista.

CPI’s Leroy Breinholt represented the seller, English Management, LLC. “The tenant, English Dermatology is a premier dermatology practice focused on the diagnosis and treatment of skin cancer and other medical skin conditions. They have served the Ahwatukee community for over 20 years and will remain a tenant in the building,” states Breinholt.

The buyer, Vista 48 Investments, LLC, was represented by Ken Elmer and Ron Schooler of CPI and the property sold for $1,650,000 ($278.25 PSF).

For additional information, contact Leroy Breinholt at lbreinholt@cpiaz.com, Ken Elmer at kelmer@cpiaz.com or Ron Schooler at rschooler@cpiaz.com.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 55 brokers and occupies two offices locally. Currently, CPI's listings include over 20 million square feet for sale/lease, and 197 projects under property management, totaling over 11.6 million square feet. Please visit our website at www.cpiaz.com.

 

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.