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15 Leigh Fisher Boulevard

Scott P. Sealy, Sr., Mark P. Sealy, Jason Gandy & Davis Gibbs Acquire Industrial Property In El Paso
SOLDIndustrial

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

Jason Gandy

Sealy & Co.

Buyer

$140M

vol

5 deals

Buyer
SC
Sealy & Co.Buyer
Kenneth E. Aboussie, Jr.

Kenneth E. Aboussie, Jr.

Stonelake Capital Partners

Seller

$63.1M

vol

10 deals

Seller

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