CPI Announces $3.5M Sale of Industrial Manufacturing Building

TEMPE, ARIZ.  –  Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial manufacturing building located at 2401 W 1st Street, just North of University Drive and East of 48th Street in Tempe, Arizona.

The building is approximately ±46,674 square feet and is located in the Tempe Northwest Industrial submarket with a 24” clear ceiling height. The property is just five minutes from Phoenix Sky Harbor International Airport and has a six position truck dock with two ramps.

Leroy Breinholt, President and Designated Broker at CPI along with Eric Jones, Senior Vice President – Sales & Leasing represented the seller, Mr. Robert Colman.

Jones commented, “Renewal by Andersen took occupancy of the property prior to the close of escrow.” 

“Renewal by Andersen is the window replacement subsidiary of Andersen Corporation.  Since opening their first store in Minnesota in 1995, Renewal by Andersen Corporation has rapidly grown to more than 100 markets in the U.S., becoming one of the largest replacement window companies in the country,” (https://www.renewalbyandersen.com/about/company-profile).

Phil Haenel of Cushman Wakefield represented the buyer, Renewal by Andersen who purchased the property for $3.5 million ($74.98 psf).

Leroy Breinholt or Eric Jones may be contacted for additional information at lbreinholt@cpiaz.com and 480.966.6593 or ejones@cpiaz.com at 480.966.8671.

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 55 brokers and occupies two offices locally. Currently, CPI’s listings include over 20 million square feet for sale/lease, and more than 195 projects under property management, totaling over 11.5 million square feet. Please visit our website at www.cpiaz.com.

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