Over 374,785 SF of Small-Bay Industrial Real Estate Sold in Arizona

Small-Bay Industrial

Phoenix & Gilbert, Ariz (December 5, 2025) — Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally-owned commercial real estate brokerage, is pleased to announce the sale of 374,785 square feet of Industrial Small-Bay real estate.

Power Commerce Park – A 146,052 square foot Class A Industrial Small-Bay Complex in the Southeast Valley of Phoenix, Arizona, consists of 12 buildings for 16 tenants. Built in 2023, it was strategically designed and built to be the highest quality industrial buildings with yards, allowing for total flexibility to the tenant’s needs. The site is adjacent to the Elliot Road Tech Corridor and Phoenix-Mesa Gateway Airport, and is just minutes from Arizona State University-Polytechnic Campus. The Loop 202 and US-60 offer exceptional freeway connectivity.

David Bean, of The Leroy Breinholt Team, stated, “We were fortunate to be a trusted partner with Mr. Dale Cavan from the very start of this project, identifying the raw land to develop this project. Power Commerce Park, developed by Cavan Commercial, delivered an exceptional small-bay industrial product that is underserved in the Phoenix marketplace. We advised throughout the construction process, handled pre-leasing, and, once the project was fully leased, CPI promoted the property for sale as a Class A Investment, representing the seller, Dale Cavan of Cavan Commercial.”

The buyer was Richard Scheinfeld of Top Ten Properties. Power Commerce Park sold for $55,000,000 / $376.57 per square foot.

Top Ten Properties portfolio –  A 228,733 square foot portfolio of Industrial properties in Phoenix, Arizona, consists of Carleton Square at 1711-1741 W Rose Garden Lane, Top 10 Business Center located at 4845 & 4855 W McDowell Road, and Valley Commerce Center at 4810 – 4828 S 40th Street. The owner, Richard Scheinfeld, decided to sell off these assets in an off-market deal. Scheinfeld commented, “The Leroy Breinholt Team at Commercial Properties, Inc./CORFAC International, helped me identify an opportunity to trade out some properties to invest in a newer small-bay industrial project and get top dollar for my existing properties located in Phoenix. This enabled me to reinvest in a newer product type for my portfolio that wouldn’t have happened without the Leroy Breinholt Team and David Bean’s help.”

The buyer, SpeedBay, purchased the Top Ten Properties portfolio as their first acquisition in the Phoenix market. KBC Advisors represented the Top Ten Properties portfolio, and it sold for $43,750,000 / $191.27 per square foot.

For additional information, please contact David Bean at dbean@cpiaz.com or (480) 214-1105, or Cory Sposi at csposi@cpiaz.com.