162,960 SF INDUSTRIAL DISTRIBUTION BUILDING SOLD IN PHOENIX, ARIZONA

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 industrial distribution building located at 2915 E Washington Street in Phoenix, Arizona.

The building is approximately 162,960 SF and is conveniently situated on 5.74 acres just north of Phoenix Sky Harbor International Airport. Leroy Breinholt commented, “The property offers a great central location with access to multiple freeways and is situated right along the Valley Metro Light Rail stops on Washington. At the time of the sale, the property was fully leased with stable tenancy, offering updated warehouse lighting, multiple truck wells and private fenced yards.” Leroy Breinholt and Darin Edwards of CPI’s Industrial Team represented the seller, GXI Holdings, LLC.

Jim Keeley and Tyler Bush of Colliers International represented the buyer, Rancho Industrial Park, Inc. Rancho Industrial Park, Inc., purchased the property for $6.8 million.

Leroy Breinholt and Darin Edwards may be contacted for additional information at lbreinholt@cpiaz.com and 480.966.6593, or dedwards@cpiaz.com at 480.214-1117.

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.