Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of 15 Leigh Fisher Boulevard (the “Property”), a 222,486 square foot distribution building that is 100% leased to Flagstone Foods with 2.4 years of remaining lease term.
The Property is located in Butterfield Industrial Park, a 588-acre industrial park situated adjacent El Paso International Airport and just 5.5 miles from the Bridge of the Americas. Flagstone Foods has been a tenant since 2016 and their rent is currently 20%+ below market, allowing the opportunity to acquire the Property at a significant discount to replacement costs with near-term upside.