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Newmark Grubb Knight Frank Completes $4.1M Industrial Sale

 

Newmark Grubb Knight Frank negotiated the $4.1M sale of 455 E. Warner Rd., a 49,984 SF industrial building in Phoenix.

Rob Stephens, managing director and Tricia Gumulka, associate director with NGKF’s Phoenix office, represented the buyers, DWWF, LLC and IGWF, LLC, in closing the 1031 Exchange transaction.

The seller, AVIV Realty was represented by CBRE’s Mike Parker and Evan Koplan.

NGKF renewed the current tenant, Jump Street and Gold Medal Gymnastics is a new tenant that just moved into the building, bringing the occupancy to 100% creating more value for the buyers.

 

 

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