12,849 SF RETAIL STRIP CENTER SOLD

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a multi-tenant retail strip center located at 1664 E Florence Boulevard in Casa Grande, Arizona.

The building is approximately 12,849 SF and is adjacent to Casa Grande Regional Medical Center. Sarge Glenn commented, “At the time of the sale, the property was fully leased with stable tenants like, Cold Stone Creamery, UPS Store, Supercuts and Firehouse Subs. SimonMed Imaging, will be an owner/user of the property occupying the former Washington Mutual Bank building, which is approximately 3,500 square feet.” Sarge Glenn of CPI’s Industrial Team represented the seller, LBUBS 2004-C8 Retail 1664 LLC.

Mike Sayre of Cushman Wakefield represented the buyer, SimonMed Imaging, who purchased the property for $1.8 million.

Sarge Glenn

Sarge Glenn may be contacted for additional information at sglenn@cpiaz.com or 480.214-1126.

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 50 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.