2,139 Transactions in 2022

Commercial Properties Inc., announces the $9 Million Sale

Commercial Properties

Phoenix, Ariz (February 28, 2024) -- 

Source From: https://realestatedaily-news.com/

Commercial Properties, Inc./CORFAC International (CPI)

Arizona’s largest locally-owned commercial real estate brokerage, is pleased to announce the sale of Building F in Venture Court Professional Plaza in Anthem, Arizona. The ±27,223 SF two-story office building is located off I-17 and Anthem Way at 41810 N Venture Drive. The property has excellent visibility from I-17 and is just 6 miles from one of Phoenix’s recent developments, TSMC, the new semiconductor manufacturing plant, whose surrounding area has the potential of becoming its own thriving business center.

 

Eric Butler and Phill Tomlinson at Commercial Properties Incorporated represented the seller, Liftable Media, Inc.  Keith Lammersen of JLL represented the buyer, Maricopa County Libraries. The ±27,223 SF office building was sold to Maricopa County Libraries for $9 million ($330.60 PSF).

Butler commented, "North Valley Regional Library was originally on the campus of Boulder Creek High School in Anthem where they were leasing space and open to the public and the students on campus. We had to help Maricopa County Libraries change the CC & R’s (Covenants, Conditions, and Restrictions) in the development so they could occupy the property. We were happy to be involved throughout the process and the previous owner was delighted with the outcome.”


Even after outlining all the information above, determining when to sell your commercial real estate (CRE) can still seem daunting. That’s why the Leveraged CRE Investment Team at Commercial Properties, Inc. is here to help you achieve your investment goals. Contact us at (480) 330-8897 or send us an email at request@leveragedcre.com.

 

Need help on how to get started investing in commercial real estate? We got you covered! We prepared a free e-book that will serve as your guide to achieve your long-term business goals or obtain that property you’ve always been dreaming of!

 

Phill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns.

 

Bookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at sm.leveragedcre.com/smplatform. #LeveragedCRE

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