Mission Critical Industrial Sale Leaseback

Niles, OH
Price:
$22,095,808
Cap Rate:
8.35%
Current Rent:
$1,845,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
410,000 SF
Rent Increases:
2.00% Annually
Site Size:
27.90 Acres

Investment Highlights

  • Long term (15-year) absolute triple net lease with 2% annual escalations
  • Skilled management team with 150+ years of combined experience
  • Sizable tenant credit with consistent revenue – $146 million in revenue and $14 million in Adjusted Ebitda
  • Mission critical manufacturing facility with $10 million invested in machinery & equipment in 2022 & 2023 alone with an additional $1.75 million planned for capital expenditures in the next 3 years
  • Robust customer base with nearly 300 clients located primarily in the northeast region of the U.S.
  • Significant growth potential from industry tailwinds for the Aluminum Extrusion Industry as domestic demand has increased for 9 consecutive years
  • Operationally focused private equity sponsor with an extensive and highly successful track record of investing in metal manufacturers

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Daniel Macks

Managing Director
847 420 2116
[email protected]

In Association with ParaSell, Inc. | A Licensed Ohio Broker #OH-REC.2020005946

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