Cushman & Wakefield announced today the $1.95 million transaction of an industrial property located at 4932 W. Pasadena Ave. in Glendale, Ariz. New West Holdings, LLC of Glendale, Ariz. purchased the ±50,068 square foot industrial building from Three Star Properties, LLC of Knoxville, Tenn.
Cushman & Wakefield’s Senior Managing Directors Rick Danis and Paul Boyle represented the buyer during the investment sales transaction. Daum Commercial’s Carl Johnson represented the seller.
Built in 1973, the property is located on ±5.00 acres in Phoenix’s Glendale industrial submarket. The buyer plans to operate the building as an investment and utilize the vacant land for its business.