Scott P. Sealy, Sr., Mark P. Sealy, Jason Gandy & Davis Gibbs Acquire Industrial Property In El Paso
15 Leigh Fisher Boulevard
Building Size
222,486 SF
Asset Type
Industrial
Closing
Apr 29, 2025
AI
An industrial property located at 15 Leigh Fisher Boulevard in El Paso, measuring 222,486 square feet, has been sold. The asset is situated in the Butterfield Industrial Park, which is 97% leased, and is fully occupied by Flagstone Foods. It features 42 docks and 71 trailer spaces and is in proximity to El Paso International Airport.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 15 Leigh Fisher Boulevard
- Market: El Paso
- Asset Size: 222,486 SF
- Buyer: Scott P. Sealy, Sr., Mark P. Sealy, Jason Gandy & Davis Gibbs - Sealy & Co.
- Seller: Kenneth E. Aboussie, Jr. - Stonelake Capital Partners
The transaction involved multiple representatives from Sealy & Co., who are the buyers, and Kenneth E. Aboussie, Jr., representing Stonelake Capital Partners as the seller. This acquisition adds to Sealy & Co.'s portfolio in the industrial sector.
Players
El Paso Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93