Huntington Solutions Industrial Portfolio

Industrial

Status:
Sale

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Newmark Knight Frank is pleased to offer qualified investors the opportunity to acquire, via long-term sale leaseback, the Huntington Solutions Industrial Portfolio (the “Portfolio” or “Properties”). Fully occupied by Huntington Solutions (the “Tenant”, “Huntington”, or “Company”), the Portfolio totals 256,258 square feet across three (3) facilities located in Michigan, Texas and Virginia. The mission-critical production assets are strategically located in close proximity to customers and generate approximately 46% of the Company’s Adj. EBITDA, providing for exceptional site-level rent coverage. The Properties will be subject to a long-term, 15-year absolute net (NNN) master lease structure with a Year-1 Net Operating Income of $1.16 million.

Headquartered in Greer, South Carolina, Huntington Solutions is a leading provider of custom shape molded foam made from expanded polystyrene, expanded polypropylene and other advanced resins. Specializing in custom-engineered packaging solutions commonly used for shock absorption and thermal insulation, Huntington is distinguished as one of the few industry participants with the technological capability to meet strict customer requirements. Founded in 1992, Huntington proudly employs approximately 600 professionals while operating an expansive network of state-of-the-art facilities across North America. With nearly three decades of stable organic growth, today the Company is recognized as an industry leader, serving a long-standing, diversified blue-chip customer base including Whirlpool, US Foods and Medline.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Andrew Sandquist
Vice Chairman
312-224-3186
Tyrell McGee
Financial Analyst
312.224.3192
Briggs Goldberg
Associate Director
312-224-3189
JC Asensio
Managing Director
312-224-3187

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