Local Investor Purchases Tempe Industrial Property for $1.475 Million

Published on January 14, 2013

PHOENIX – PTD Properties, LLC (Tempe) purchased a ±20,420-square-foot general industrial building at 1700 W. Drake Drive for $1.475 million through a lease/purchase arrangement. Pete Klees with Cassidy Turley Arizona’s Industrial Group and Paul Boyle and Rick Danis with Cassidy Turley Arizona’s Capital Markets Group represented the seller, C&B Properties (Del Mar, CA), and the buyer was represented by David Wilson of Daum Commercial during the transaction.

Built in 1986, and recently renovated, the office/warehouse building will house the Buyer’s counter top business.

For additional information contact Cassidy Turley Arizonaat 602.954.9000 or visit www.ctarizona.com.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North Americathrough a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local market leader Cassidy Turley Arizona. The company offers brokerage investment and advisory services in office, industrial, retail, multi-family, land and property management. The firm has completed over $9.8 billion in transactions since 2003 and was the No. 1 ranked Commercial Real Estate Brokerage Company in the Phoenix Business Journal’s 2010 and 2012 Book of Lists. For more information on Cassidy Turley Arizona visit www.ctarizona.com or call 602.954.9000. 


Alison Melnychenko



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