50,274 SF RETAIL INVESTMENT PROPERTY SOLD IN MESA, AZ
Commercial Properties, Inc. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of a former auto dealership in Mesa, AZ.
The building is approximately 50,274 SF originally built in 1968 and has a showroom, a parts room and a large service area. Located at 1600 W Main Street, the property sits right off the Valley Metro Rail line on North Longmore and Main Street, directly across from the East Valley Institute of Technology campus. Thomas Semancik of CPI’s Investment Specialists Team represented the seller, Amelia/10th LLC, Auret 1 LLC & PhD Equities LLC.
Semancik commented, "The property is attractive as an investment since it has transit district overlay zoning, which offers some great opportunities to maximize the future use of this property."
EJG Investments, L.L.C. purchased the property for $3.5 million.
Thomas Semancik may be contacted for additional information at firstname.lastname@example.org, or 480.966.0419.
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.
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