Industrial Sale Leaseback

Two Properties in California and Oregon
Deal Type:
Sale Leaseback
Price:
$14,820,230
Cap Rate:
7.29%
Current Rent:
$1,080,000
Lease Type:
Triple Net
Lease Term:
15-20 years
Landlord Responsibilities:
None
Renewal Options:
Four 5-year or Two 10-year
Rent Increases:
2.0% per year
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners
  • 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

  • Tire Waste Processing Facilities and Rubber Landfill
  • Long-term absolute triple net lease with 2% annual rent increases
  • Mission-critical facilities, contributing 50% of the company’s overall EBITDA
  • Prineville facility is the only rubber landfill in the Pacific Northwest and is a vital asset to the state of Oregon
  • Stockton facility is permitted as a “Major Waste Tire Facility”, and is one of the largest tire waste processing facilities in Northern California
  • Company is on track to collect and process 20 million tires annually by 2025

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com

In Association with ParaSell, Inc. | P: 949.924.6578 | A Licensed Oregon Broker #201233666
Broker of Record: Connor Shell, CA Lic: #01993313

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