18,815 SF INDUSTRIAL FLEX BUILDING SOLD IN CHANDLER, AZ

Sunstate Plaza – 1727 N Arizona Ave, Chandler, AZ

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Sunstate Plaza, a 18,815 SF industrial flex building located at 1727 N Arizona Avenue in Chandler, Arizona.

Darin Edwards of CPI’s Industrial Team, and Andy Jaffe of CPI’s Investment Specialist Team represented the seller, New Age Properties, LLC, in this $1.61 million investment sale.

Andy Jaffe

Andy Jaffe commented, CPI managed this property for 10 years and we were extremely diligent on the leasing and renewals. Once the decision was made to sell it, the owner came to us to get this investment sale underway.

Darin Edwards

Darin Edwards added, When we took over this property, it was in a distressed state with heavy vacancies. We were able to stabilize the property coming out of the downturn in the economy.”

The property is located just south of Warner Road with frontage on Arizona Avenue. The buyer, InSaf Investments LLC, was represented by Orion Investment Real Estate.

Darin Edwards and Andy Jaffe may be contacted for additional information at dedwards@cpiaz.com, or 480.214.1117 or ajaffe@cpiaz.com, at 480.214.1132.

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 over 155 projects under property management, totaling more than 5.7 million square feet. Please visit our web site at www.cpiaz.com.