Builders' merchant Travis Perkins has acquired the freehold of its Peartree Lane premises in Dudley in a £1.3million deal.
The business had previously let the prominent roadside warehouse from Birmingham-based mutual Wesleyan Assurance Society.
MK2 Real Estate was instructed to sell the asset which comprises 15,953 sq ft of premises and a 13,993 sq ft yard on a one-acre site.
Travis Perkins, which has more than 550 branches around the º£½ÇÊÓƵ, previously had a 25-year lease on its Peartree Lane premises, expiring in 2026.
Mark Rooke, a director in MK2's investment team in Birmingham, advised Wesleyan on the sale.
He said: "With Travis Perkins' lease approaching expiry, it was a good time for Wesleyan to sell the asset and an opportunity for the tenant to purchase the freehold, securing its continued occupation at a key trading site."
