Newmark Grubb ACRES Brokers Investment Sale of 42,000 Square Foot Industrial Building
Newmark Grubb ACRES (NGA) is pleased to announce the investment sale of a 42,600 square foot industrial building located at 2625 South 600 West in Salt Lake City, Utah.
NGA’s Senior Vice President Jeff Heaton, CCIM, SIOR, represented the seller, Salt Lake City Millrock Ventures LLC in the off-market to 1031 exchange transaction. The buyer was California based Bill Patterson. This transaction provides further evidence of a strong investment market with an off-market deal moving quickly and at a below-average industrial investment cap rate.