6001 Lindsey Street. Picture courtesy of Sealy & Co.
Sealy & Co. has acquired a 185,475-square-foot industrial property in Little Rock, Ark. Tempus Realty Companions bought the Class B asset in an off-market deal for beneath substitute value.
Sealy & Co. was self-represented within the deal, with Managing Director Jason Gandy and Affiliate Brooks Burgin main the transaction. Affiliate Andrew Wiechern with Colliers assisted the vendor.
The property beforehand traded in 2017 for $4.5 million. The power additionally turned topic to a $3 million mortgage offered by First Financial institution Safety in 2019, with a maturity date set for 2026, CommercialEdge information exhibits.
Inbuilt 1986, the warehouse is on a ten.4-acre lot and options 24-foot clear heights, 22 dock doorways, one drive-in door, front-load configuration, 120-foot truck courtroom, TPO roof and ESFR fireplace sprinklers. The tenant roster consists of Certifit Auto Physique Components, Loomis Armored US and Conklin Metallic Industries.
The property is situated at 6001 Lindsey Street, with speedy entry to Interstate 440 and roughly 6 miles from downtown Little Rock. The power is close to Invoice and Hillary Clinton Nationwide Airport, about 3 miles away from the Port of Little Rock.
This present transaction marks the corporate’s second funding in Little Rock. Again in August 2021, Sealy & Co. acquired a 303,369-square-foot Class A distribution warehouse.
Industrial presence within the Midwest
The agency has 145 industrial property in its portfolio, totaling roughly 24.4 million sq. toes, CommercialEdge information exhibits. Previously 12 months, Sealy & Co. was lively in a number of markets, significantly all through the Midwest.
Sealy expanded in Detroit with the acquisition of two properties—a 600,000-square-foot constructing in Romulus, Mich. and a 713,796-square-foot distribution facility in Pontiac, Mich.—which introduced its holdings available in the market to just about 2 million sq. toes.
The corporate grew its Kansas Metropolis portfolio with the acquisition of a 70,000-square-foot distribution facility and the acquisition of Constructing Considered one of I-35 Logistics Park, a 569,584-square-foot property in Olathe, Kan.
It additionally closed two acquisitions in Ohio—a logistics facility at 1225 Southgate Parkway in Etna Township, and a 1.1 million-square-foot portfolio of commercial property in Dayton.
