EPTAM Precision

55, 59, 65 Howard Street, Phillipsburg, NJ
Deal Type:
Sale Leaseback
Price:
$9,000,000
Cap Rate:
6.80%
Current Rent:
$612,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
46,660 SF
Site Size:
2.06 Acres

Investment Highlights

  • Mission critical facility to EPTAM, housing the entirety of the Company’s Precision Molding business
  • Facility is one of the leading molding facilities in the northeast fitted with world-class equipment and a state-of-the-art clean room
  • Upon expansion completion, tenant will have over $5 million in equipment and machinery at the subject property
  • Tenant is long-term dedicated to this facility, having operated at the subject property since 1984
  • Facility is strategically located with close proximity to key customers (OraSure Technologies, B. Braun Medical, Excelsior Medical)
  • Expansion project will increase capacity by 70% and upon completion, facility is projected to generate over $4.7 million in EBITDA annually
  • Project is critical to the support of the company’s customers needs for injection molding applications
  • Company is well-diversified across a variety of end-markets and industries

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

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

Broker of Record: Mike Antonoplos, Lic #NJ-MJA-8132327

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