NAI Mertz Brokers $9.3M Sale of Industrial Flex Building in Metro Philadelphia

by Taylor Williams

KING OF PRUSSIA, PA. — NAI Mertz has brokered the $9.3 million sale of a 97,000-square-foot industrial flex building located at 780 Fifth Ave. in King of Prussia, a northern suburb of Philadelphia. Scott Mertz and John Adderly of NAI Mertz represented the seller, Fifth Avenue KOP LP, an affiliate of New Jersey-based Rudner Real Estate, in the transaction. The buyer was an affiliate of Philadelphia-based Velocity Ventures Partners. The property was 89 percent leased at the time of sale.

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