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2727 W Grovers AvePhoenix, AZ 85053
2727 W Grovers Ave
Asset ClassIndustrial
overview of deal

Overview

Newmark, as an exclusive advisor, is honored to present the opportunity to acquire the fee-simple interest in 2727 W Grovers Ave, an exceptional standalone industrial facility with a large secured yard in the Deer Valley Submarket (the “Property”). This unique offering comprises a freestanding, 100% leased, single tenant Property totaling ±22,706 SF positioned upon a ±2.4-acre prime North Phoenix location. This highly desirable industrial building was constructed in 1985 and completely renovated in 2024 prior to being fully leased by Metronet for 5-years. Metronet is the fastest-growing fiber company in the U.S. and currently reaches more than 2 million homes and businesses across 17 states with fiber solutions. The company recently agreed to be acquired by T-Mobile & KKR at a value of roughly $10 billion and the property will help support company growth following the acquisition.

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Investment Highlights

  • Strategically Located, Recently Remodeled
  • Industrial Facility with large Secured Yard Area
  • Strong Tenant Foundation
  • Highly Desirable Infill Industrial With Large Secured Yard in Thriving Deer Valley Submarket
  • Logistic Oriented Location
2727 W Grovers AvePhoenix, AZ 85053

Newmark Phoenix Capital Markets

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Listing provided by Revere CRE