Sand Springs Complex Sells for $2.87 Million

Carl A. Mondeel, a Hollandale, Minn.-based real estate investor, purchased a group of three buildings totaling 118,655 SF at 8645 W. 21st St. in Sand Springs.
Fariss Properties Inc. of Tulsa is listed by courthouse records as the seller of the buildings, which were erected in 1970 and is leased to Fullerton Finish Systems.
The sale price for the complex, which includes buildings of 109,155 SF 5,000 SF, and 4,500 SF, was $2.87 million
No tenant or property changes are planned by the new ownership, according to David Looney, CCIM with Looney and Associates, Realtors, who handled the negotiations for the seller.
Raymond Lord with NAI Commercial handled negotiations for the buyer.

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