Sealy & Company, a fully integrated commercial real estate investment and operating company, recently acquired a newly constructed 191,845 square foot Class A industrial distribution center in Oklahoma City’s industrial hub. The off-market transaction was made for an undisclosed amount.
The fully leased, state-of-the-art facility is located at the corner of Purdue Avenue and S.W. 36th Street. Located less than 1/2 mile north of Hwy 152, and approximately 2 miles from I-40 and I-44, the facility provides tenants access to all of Oklahoma City’s major interstates. The property also has cross-dock functionality.
“Sealy’s history in the OKC market has produced deep relationships and market knowledge which were contributing factors to the transaction’s success,” said Scott Sealy, Jr, Sealy & Company’s chief investment officer. “Knowing the limited pool of competing products in the overall OKC market and the development constraints in the Southwest submarket, we believe this acquisition was a strategic addition to our growing portfolio.”