TruCore Investments Acquires Industrial Asset in OKC

TruCore Investments has acquired a Class B industrial warehouse and distribution center in a prime Oklahoma City location.

This deal was executed as a short-term sale-leaseback with brokerage assistance from Rusty Smith and Allan Meadors at Cushman & Wakefield. TruCore is set to reposition and make immediate improvements to the facility, including exterior paint and interior light upgrades. This purchase advances their ongoing portfolio expansion, with more than $130 million secured during the last two years.

“Oklahoma City is an attractive, business-friendly market with a central national location, steady job growth, and low energy costs, making the property desirable for a broad range of tenants into the future,” said Zach Harris, TruCore Investments Managing Director and Partner.

Farmer Brothers is a nationwide roaster, wholesaler and distributor of coffee, tea and allied products. It currently occupies the warehouse and storage property at 13131 Broadway Extension. Spanning 142,115 square feet on 8.5 acres, the location is also zoned for outdoor storage and is conveniently accessible to both Highway 77 and Kilpatrick Turnpike.

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