CHANDLER, AZ-Emergency Restoration Services Inc. which cleans flood and fire-damaged homes, has put an end to its leasing days by acquiring, for $1.28 million, the 15,000-sf office/warehouse that it’s occupied for the past year.

The property, located at 3045 N. Colorado St., was a multi-tenant structure with an additional tenant when ERS signed a lease for 10,000 sf during August 2004. The company had a year to exercise that option.

“When one of the other tenants vacated, Emergency Response decided to exercise its option to purchase the building,” says Andy Markham, vice president of Phoenix-based Grubb & Ellis/BRE Commercial LLC. Markham and Mike Hanel represented the seller, the Tree Trust of Phoenix while Leroy Breinholt with Commercial Properties Inc. of Tempe brokered for the tenant buyer.

Markham tells that little renovation has been needed on the structure. “They’re modifying the property into one that will support a single tenant rather than multi-tenant,” he adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.