Alco Manufacturing

Two Properties in New York & Ohio
Deal Type:
Sale Leaseback
Price:
$16,699,273
Cap Rate:
7.70%
Current Rent:
$1,285,844
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year or two, 10-year
Rent Increases:
2.0% Annual
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners

Investment Highlights

  • 20-year, absolute triple net lease with 2% annual rent increases
  • Mission-critical assets for Alco’s operations
  • Elyria and Sullivan facilities are the future of Alco’s manufacturing footprint as the company completes its footprint consolidation project
  • Significant bolt-down costs with tens of millions of dollars in equipment and machinery at the properties
  • Tenant has a long-term operating history of ~50 years

Listing Agents

Chelsea Mandel

Vice President
516 850 6962
chelsea@stream-cp.com
Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 222 8409
Jeff@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
jonathan@stream-cp.com
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