2727 W Grovers Ave

Newmark, as an exclusive advisor, is honored to present the opportunity to acquire the fee simple interest in 2727 W Grovers Avenue, an exceptional standalone industrial facility with a large, secured yard in the Deer Valley Submarket. This unique offering comprises a freestanding, 100% leased, single-tenant property totaling 22,706 square feet on a 2.4-acre lot. This highly desirable industrial building was constructed in 1985 and completely renovated in 2024 prior to being fully leased by Metronet for five years.

Metronet is the fastest-growing fiber company in the US 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.

This state-of-the-art warehouse facility features 18 to 26 feet of clear height, 12 loading positions (eight dock-high and four grade-level), and a large 2.4-acre site including ±1.3 acres of secured yard area. The building offers a highly efficient floor plan with roughly 20% upgraded office space and 80% of the warehouse area, not including the 2,218 square feet of mezzanine office space.

2727 W Growers Avenue is centrally positioned in the core of the Deer Valley industrial submarket, among the most coveted industrial zones in Metro Phoenix. Situated just 8 miles south of TSMC’s $65 billion semiconductor manufacturing site, one of the largest development projects in the country and a major driver of economic growth in North Phoenix. The area is currently experiencing robust population and business expansion, with no signs of slowing down.