+/-14,425 SF cross-dock industrial outdoor storage (IOS) building Just Sold

April 24, 2024 — Phoenix, Ariz: 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 Avenue 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.

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 65 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 22 million square feet for sale/lease with more than 205 projects and associations under management, totaling over 12 million square feet.

CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 75 national and international markets.

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