OFFERING MEMORANDUM ContMid Group Industrial Portfolio Sale Leaseback OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 1

Similar documents
OFFERING MEMORANDUM Long Term Office & Warehouse Sale Leaseback OFFERING MEMORANDUM CIVITAS SALE LEASEBACK PORTFOLIO 1

NEWINGTON FOR LEASE BUSINESS PARK. Park Overview. Park Highlights. Warehouse Space

18 HARRISON STREET. Exclusive Offering Memorandum. Prime Tribeca Building For Sale. TEAM at Douglas Elliman

Select Energy Services 4506 I45 SOUTH Gainesville, Texas 76420

PORTFOLIO INDUSTRIAL SALE LEASEBACK 8.5% CAP 15 YEAR TERM. Damon Root Vice President

KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018

BUILD-TO-SUIT OPPORTUNITIES

4 th Quarter Earnings Conference Call

KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform. December 2017

FOR LEASE TECHNOLOGY PARK SUITES FROM 1,480 SF TO 7,550 SF HAGGERTY ROAD :: FARMINGTON HILLS, MICHIGAN NOW AVAILABLE

KKR & Co. L.P. Morgan Stanley Financials Conference: June 13, 2018

Wood Group Investor Briefing Q1 2016

AMERICAN USA STORAGE 147 S. 21ST STREET NEWARK, OH Kristen Asman Senior Advisor

2 nd Quarter Earnings Conference Call

KKR & Co. L.P. Goldman Sachs U.S. Financial Services Conference: December 6, 2017

4 th Quarter Earnings Conference Call

NET LEASE INVESTMENT OFFERING BOOT BARN

Galaxy Corporate Center

Western Gas Partners, LP. Third-Quarter Review. November 12, 2008

Invention SUBMISSION BROCHURE PLEASE READ THE FOLLOWING BEFORE SUBMITTING YOUR INVENTION

Net Lease Investment Outlook

Pier 1 imports. absolute nnn lease west virgina. For more info on this opportunity please contact: 150 Mall Road, Barboursville, WV Bob Sanner

Cherry AB. Investing in a broad gaming portfolio. CEO Anders Holmgren GP Bullhound 6 December 2017

OFFERING MEMORANDUM. WALMART 2640 Crossing Circle, Traverse City, MI ROBERT BENDER KEVIN J. BAKER DANIEL H.

Gas Storage and Oil & Gas Exploration in County Antrim

From Fishing Lures to Medical Guidewire Leader: The Sale of Lake Region Medical

PARTICIPATION AGREEMENT between THE REGENTS OF THE UNIVERSITY OF CALIFORNIA and INSERT PARTNER'S CORPORATE NAME

4 th Quarter Earnings Conference Call

FOR SALE OR LEASE UP TO ±106,600 SF CONTIGUOUS. Under Construction DELIVERY Q MIKE DE LEW, PROPERTY DETAILS GREG PANCIROV,

Melford Bowie, MD 20715

Location. Highway 1 & 200 Street. Langley British Columbia

LOGAN S ROADHOUSE Eastern Shore Court, Spanish Fort, AL 36527

Class A Industrial Warehouse - 65,000 SF For Sale or Lease 240 N. Carolina Drive, El Paso Texas

KOHLBERG CAPITAL CORPORATION. May 2007

27 August 2015 SUBSEA JOINT VENTURE WITH CHIYODA CORPORATION

FSIC FRANCHISE. Frequently asked questions

Energy Recapitalization and Restructuring Fund, L.P. IPAA Presentation. January 2012

Sypris Solutions, Inc. Conflict Minerals Report For the Period Ending December 31, 2013

1 st Quarter Earnings Conference Call

Cherry AB. The most complete gaming company Partnering with entrepreneurs to explore exciting ideas

2560 LORD BALTIMORE DRIVE BALTIMORE, MD SJPI.COM

RTI : 10 MODERN HOMES, SMALL LOT SUBDIVISION

152,114 SF MONROE COURT Morton Grove, IL

Investor Presentation. November 2018

Contact: Greg A. Smith Katja Gehrt Marshall & Ilsley Corporation Warburg Pincus

NET LEASED INVESTMENT OFFERING Applebee s - Springfield, Ohio

FS INVESTMENTS & KKR FORM STRATEGIC PARTNERSHIP. Combining FSIC & CCT platforms to create stockholder value

4 th Quarter Earnings Conference Call

BLUEKNIGHT ENERGY PARTNERS, L.P.

Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5%

Church Street and Monroe Road Sanford, Florida 32771

Acquisition of GEODynamics. December 13, 2017

LAND FOR SALE DEVELOPMENT OPPORTUNITY. St. Louis, Missouri JUNE 2017

34,238± SF Available on 3.76± Acres

ESCONDIDO VALLEY CENTER. 1346, 1352 & 1358 West Valley Parkway Escondido, California SAN DIEGO GROCERY-ANCHORED INVESTMENT OPPORTUNITY

Church Street and Monroe Road Sanford, Florida 32771

Finance. Midwest Capital Markets

188 ACRES TO CONSTRUCT UP TO 2 MILLION SF FRENCH LAKE INDUSTRIAL CENTER BROCKTON LANE & ROGERS DRIVE, DAYTON, MN

Atlantic Beach Retail Space Available

Rental Rate: - Availability: Suite 5162: 9,160 SF Average of 90 truck court radius

HARSCH TRAVERSE POINT COMMERCE CENTER 880 WIGWAM PARKWAY HENDERSON, NEVADA 89014

Textron Reports Third Quarter 2014 Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1%

Point Resources. Ny operatør blåser nytt liv i Norges første lisens. Modifikasjonskonferansen, Mars

AMES INDUSTRIAL PARK AND OFFICE PLAZA

Technology transactions and outsourcing deals: a practitioner s perspective. Michel Jaccard

retailwest 3 TENANT MARIN COUNTY NET LEASED INVESTMENT - $6,500,000 NOVATO, CALIFORNIA PROPERTY HIGHLIGHTS PEET S COFFEE & TEA, SMASHBURGER, YOGAWORKS

Delivering the Turnaround. Leigh Junk - Managing Director February 2018

IMPORTANT NOTICE: PLEASE READ CAREFULLY BEFORE INSTALLING THE SOFTWARE: THIS LICENCE AGREEMENT (LICENCE) IS A LEGAL AGREEMENT BETWEEN

X80 Activator. User's Manual. Version 1.1.

Eagle Run. 132nd & W. Maple, Omaha, NE Agent: Rick Quinlevan Phone:

7972 North Tamiami Trail Sarasota, FL PROPERTY FEATURES ADDRESS acres - Frontage on US ft

SORRENTO COURT. Transforming the Sorrento Valley experience. Brought to you by. Coming A place for food, fitness, and COMMUNITY SORRENTO COURT

THE STARS GROUP 2017 ANNUAL AND SPECIAL MEETING MANAGEMENT PRESENTATION MAY 10, 2018, TORONTO, 11:30 (ET)

Daseke Adds Three Companies; Annual Revenue Run Rate Grows to $1.2 Billion

SOUTHWESTERN ENERGY PROVIDES THIRD QUARTER 2003 OPERATIONAL UPDATE

PRIME LOCATION OFFICE/FLEX SPACE FOR LEASE

Commercial Investment Portfolio Sale

Eagle Run. 132nd & W. Maple, Omaha, NE Agent: Rick Quinlevan Phone:

Freedom Oil & Gas to Webcast Investor Presentation at VirtualInvestorConferences.com on April 11

DE BOERS DRIVE TORONTO

DISCOVERY PLAZA-MILLARD RETAIL/EXECUTIVE OFFICE SUITES DISCOVERY DRIVE Omaha, NE 68137

Investment Opportunity

KKR & Co. L.P. Morgan Stanley Financials Conference June 2014

PACIFIC CENTER COURT. san diego, california EXECUTIVE SUMMARY AN EXCEPTIONAL REPOSITIONING OPPORTUNITY

September 12,

OFFERING MEMORANDUM TRADE NET LEASE WITH CONFIDENCE NEW YORK CHICAGO TAMPA SAN FRANCISCO 3 EAST MAIN STREET, MOUNT KISCO, NY HOMEGOODS

Life Sciences Outlook

Overview of Venture Equity

RETAIL/INDUSTRIAL PROPERTY FOR SALE

Velocity Measuring System PARTS MANUAL

Action: Notice of an application for an order under sections 6(c), 12(d)(1)(J), and 57(c) of the

PATRIOT DOCKS ASSEMBLY INSTRUCTIONS

SOUTH BAY CORPORATE CENTER

Greenleigh at Crossroads

Capital One Securities, Inc.

Bowie, MD LORD BALTIMORE DRIVE BALTIMORE, MD SJPI.COM

Moberly Sand Development Re-examination and Opportunity

KELSO TECHNOLOGIES INC.

BANK OF AMERICA - NET LEASED ASSET

A Balanced Approach in Private Equity Investing

Transcription:

OFFERING MEMORANDUM ContMid Group Industrial Portfolio Sale Leaseback OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 1

TABLE OF CONTENTS TRANSACTION OVERVIEW PAGE 4 COMPANY OVERVIEW PAGE 5 COMPANY PRODUCTS PAGE 6 PROPERTY OVERVIEWS, PHOTOS & MAPS PAGES 7-15 OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 2

ContMid Group Portfolio Multiple Locations This Offering Memorandum ( Memorandum ) is intended solely for the use of prospective investors in determining whether or not to pursue the possible acquisition of certain properties (the Properties ) located at various locations throughout Indiana and Ohio, from ContMid Group of Companies or its affiliates (collectively, the Organization ). This Memorandum is of a proprietary and confidential nature. Prospective investors and/or their advisors are expressly forbidden from sharing this information with any individuals or organizations that are not directly connected with the analysis of this investment opportunity. STREAM Capital Partners, LLC ( SCP ) has been retained as the exclusive advisor for this investment opportunity. Any and all inquiries are to be directed to SCP. By accepting this Memorandum, the recipient agrees that it will cause its directors, officers, employees and representatives to use the Memorandum and all of the information contained therein only to evaluate this specific investment opportunity and for no other purpose and shall return this Memorandum together with any copies to SCP upon request. This Memorandum contains confidential material which is non-public information. Receipt of this Memorandum constitutes your acknowledgment that you will maintain the information contained herein in strict confidence. All information contained herein has been provided by the Organization, its affiliates or other sources that SCP deems reliable; however, SCP has not independently verified any of the information, including the financial estimates and projections and selected real estate information, contained herein. This Memorandum includes information about the Organization, including selected financial information, estimates and projections that reflect various assumptions concerning anticipated results, which may or may not prove to be correct and selected real estate information which may or may not prove to be correct. Such projections and estimates may or may not be indicative of future performance, which may be significantly more or less favorable than that as reflected herein. In furnishing this Memorandum, none of the Organization, its affiliates or SCP undertakes any obligation to provide additional information or to correct or update any of the information set forth in the Memorandum. None of the Organization, its affiliates or SCP makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein in this Memorandum, or made available in connection with any further investigation of the Organization, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The recipient should rely solely on the representations and warranties made to it by the Organization or its affiliates in any executed definitive agreement. Under no circumstances should the Organization, its affiliates or any of their management, directors, shareholders, lenders, employees, customers or vendors be contacted directly. OFFERING MEMORANDUM CONTMID GROUP SALE PORTFOLIO LEASEBACK SALE PORTFOLIO LEASEBACK 3 OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 3

Transaction Overview Portfolio Rent: $1,757,243 Cap Rate: 7.00% Portfolio Price: $25,103,471 Initial Term: 15 Years Portfolio SF: 466,980 Lease Type: Absolute NNN Lease no LL responsibilities Rent Increases: 1.50% annual rent increases Renewal Options: Four (4), five (5) year options Property Address Building Site Size Site Size Year 1 Rent Year 1 Rent Cap Rate Value SF AC SF ($/SF) ($) (%) ($) 4001 Redbow Drive, Valparaiso, IN 109,280 5.00 217,800 $4.35 $475,368 7.00% $6,790,971 941 Lake Road, Medina, OH 117,700 $3.50 $411,950 7.00% $5,885,000 30.89 1,345,568 955 Lake Road, Medina, OH 154,500 $3.50 $540,750 7.00% $7,725,000 1988 County Road 593, Tiffin, OH 85,500 6.82 297.079 $3.85 $329,175 7.00% $4,702,500 TOTALS 466,980 42.71 1,563,665 $3.76 $1,757,243 7.00% $25,103,471 OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 4

Company Overview ContMid Group (www.contmid.com) ("ContMid" or "the Company ) is a market leader in the design, manufacturing and distribution of metal fasteners to automotive OEMs, Tier I automotive suppliers and industrial manufacturers. The Company produces internally- and externally-threaded nuts and bolts, door strikers and related products for automotive vehicle systems, including restraint systems, airbags, door hardware, and ride control systems. ContMid is a combination of four interrelated businesses: Continental / Midland, LLC Jacobson Manufacturing, LLC MSD Stamping Jacobson Manufacturing Tiffin By combining the strength of the four companies, ContMid offers its customers a comprehensive product line that includes both standard and custom designed bolts/studs, pins, bushings, nuts, shafts, rivets (tubular & non-tubular) stampings/door strikers, wheel nuts, and other specialty cold formed/machined or stamped steel parts and assemblies. Monomoy Capital Partners (www.mcpfunds.com) acquired ContMid in July 2014. Through April 2015, ContMid achieved $10.7 million in EBITDA compared to $9.0 million EBITDA through the same period in 2014. ConMid achieved YE 2014 revenue of $230.4 million and YE 2014 EBITDA of $25.6 million. This compares to YE 2013 revenue of $219.5 million and YE 2013 EBITDA of $25.7 million. 100% of sale leaseback proceeds will be used to pay down debt OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 5

Company Products JACOBSON MANUFACTURING (MEDINA, OH) MSD STAMPING JACOBSON TIFFIN (TIFFIN, OH) CONTINENTAL / MIDLAND (VALPARAISO, IN) OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 6

Property Overview Subject Property 4001 Redbow Drive, Valparaiso, IN Building(s) square feet: Total: 109,280 SF Building 1: 105,680 SF Building 2: 3,600 SF Building function: Manufacturing & distribution Percent office: 5.00% office Year of construction: Building 1: 1994 Building 2: 2000 Construction type: Steel frame Clear height(s): 16 18 Loading: Eight dock-high doors; four drive-in doors HVAC: Manufacturing area (gas-fired heaters); office (mounted unit) Electric: 480-volt, three-phase system Sprinkler: Wet system throughout Site size: 5.002 acres (2.99:1 land-to-building ratio) Location: Close to Hwy 30 and Hwy 49 with access to major interstates I- 80, I-94 and I-65 OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 7

Property Photos Subject Property 4001 Redbow Drive, Valparaiso, IN OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 8

Property Map Subject Property 4001 Redbow Drive, Valparaiso, IN Subject Property Chicago 57 miles Indianapolis 139 miles OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 9

Property Overview Subject Property 941 Lake Road, Medina, OH Building(s) square feet: Total: 272,092 SF (buildings connected by causeway) Building 1: 153,940 SF Building 2: 118,152 SF Building function: Manufacturing & distribution Number of stories: Single story Percent office: 3.70% office Year of construction / expansion: Building 1: 1969 / 1993 Building 2: 1978 Construction type: Metal panel, concrete block and brick Clear height(s): 22 25 Loading: 12 dock-high doors; six drive-in doors HVAC: Manufacturing area (gas-fired heaters); office (forced air) Site size: 30.890 acres (4.95:1 land-to-building ratio) Location: Industrial park setting, close to Hwy 41 with easy access to major interstate I-71, connecting to Cleveland and Columbus OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 10

Property Photos Subject Property 941 Lake Road, Medina, OH OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 11

Property Map Subject Property 941 Lake Road, Medina, OH Cleveland 35 miles Toledo 108 miles Columbus 108 miles Pittsburg, PA 132 miles Subject Property OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 12

Property Overview Subject Property 1988 County Road 593, Tiffin, OH Building(s) square feet: 85,500 SF Building function: Manufacturing & distribution Number of stories: Single story Percent office: 9.40% office Year of construction / expansion: 1987 / 2003 & 2013 (40,000 SF expansion in 2013) Construction type: Metal panel and concrete block Clear height(s): 18 25 Loading: Seven dock-high doors; three drive-in doors HVAC: Manufacturing area (gas-fired heaters); office (forced air) Site size: 6.821 acres (3.48:1 land-to-building ratio) Location: Industrial park setting, adjacent to Seneca County airport; centrally located between Cleveland, Columbus and Toledo OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 13

Property Photos Subject Property 1988 County Road 593, Tiffin, OH OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 14

Property Map Subject Property 1988 County Road 593, Tiffin, OH Toledo 50 miles Cleveland 96 miles Ft. Wayne - 115 miles Columbus 86 miles Subject Property OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 15