Transaction Announcement

10.16.2012

 

Three fully leased industrial bulk warehouse buildings were sold by Bob Puckett with Price Edwards & Company’s Investment Sales Division. Two buildings, located at 5201 W. Reno Ave. in Oklahoma City, contain a total of 120,630 square feet and are occupied by four tenants. This development was built in 1969 and is half of a four-building complex.  The property sold to a 1031 tax-free exchange Buyer from Kansas on October 11, 2012, for $2.9 million.

The third building, located at 4345 S.W. 23rd Street in Oklahoma City sold to the same buyer for $1.8 million. This facility is a single-tenant building occupied by XL Parts, an emerging regional leader in the distribution of auto parts to mechanics and auto dealerships.

This facility was constructed in 1998 and contains 51,200 square feet.