marquis yachts - om long...marquis’s 450 employees create yachts under the four marquis brands:...
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3 3 4 7 E a g l e R u n D r . N E • G r a n d R a p i d s , M I 4 9 5 2 5
I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S
Tim KwekelPresidentDirect: (616) 328-5222Mobile: (616) 293-6924Web: www.kwekelcompanies.comE-Mail: [email protected]
Damon RootVice PresidentDirect: (616) 328-5116Mobile: (616) 723-1027Web: www.kwekelcompanies.comE-Mail: [email protected]
PRESENTED BY:
MARQUIS YACHTS
PORTFOLIO INDUSTRIAL SALE LEASEBACK | 8.5% CAP | 15 YEAR TERM
790 Industrial Park Road, Pulaski, WI 54162 132,278 SF | 19.6 Acres
830-850 E Glenbrook Drive, Pulaski, WI 54162167,088 SF | 14.99 Acres
308 S Wisconsin Street, Pulaski, WI 5416266,098 SF | 3.0 Acres
517 E Cedar Street, Pulaski, WI 54162 61,774 SF | 2.8 Acres
TABLE OF CONTENTS
Investment Real EstateBrokerage
OFFERING SUMMARY 3
BUILDING INFORMATION
BUILDING 1
BUILDING 2
BUILDING 3
BUILDING 4
I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S
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KWEKEL COMPANIES DISCLAIMER 14
KWEKEL COMPANIES TEAM 15
PROPERTY INFORMATION
PROPERTY OUTLINES
ARIAL PHOTOS
REGIONAL MAP
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OFFERING SUMMARY
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I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S
PURCHASE DETAILS Purchase Price: $15,330,000 Price Per SF: $35.88 Lease Price Per SF: $3.05 Cap Rate: 8.5% NOI: $1,303,075 Lease Term: 15 Years Lease Type: NNN Lease Escalator: 2% Lease Commencement: At Close
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Kwekel Companies presents a portfolio Sale Leaseback consisting of four buildings on behalf of Marquis Yachts located in Pulaski, WI. Marquis Yachts will execute a new 15 year NNN lease at closing.
Marquis Yachts has been fabricating custom order yachts and pleasure boats in Pulaski for over 60 years carrying with it a name that has long been synonymous with “quality” in the industry. The collective capability of this campus allows Marquis to build all their boats from scratch and water test them prior to delivery, even their largest 72’ yacht. Because of Marquis’s quality and capability, Toyota has chosen Marquis to manufacture their new line of Lexus yachts. Marquis’s 450 employees create yachts under the four Marquis brands: Carver, Larson, Marquis, and Striper.
The Pulaski facilities are located less than 15 miles from the Green Bay suburbs and Interstate 43 which leads directly to Milwaukee. The Green Bay metropolitan area is the third largest in Wisconsin and is home to over 300,000 residents.
BRIEF DESCRIPTION
GENERAL INFORMATION Total SF: Industrial SF: Offi ce SF: Year Built: Acreage: Parcel Numbers:
427,238407,00220,2361950-200540.39VP-41-2, VP-43-1,VP-1857, VP-1859
BUILDING INFORMATION (1)
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I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 4
BUILDING INFORMATION Square Footage: Industrial SF: Offi ce SF:Ceiling Height:Bldg. Construction:Exterior Surface:Acres:Year Built:Floor:Overhead Doors:Power:Parking Spaces: Zoning:Parcel Number:
790 Industrial Park Road, Pulaski, WI 54162
132,278119,50412,77417’-26’SteelSteel19.61976-19866”16110, 220, 440, 4803401-2 Heavy IndustrialVP-41-2
INTERIOR PHOTOS
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5I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S
BUILDING INFORMATION (2)
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I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 6
830-850 E Glenbrook Drive, Pulaski, WI 54162
167,088165,3881,70023’-32’SteelSteel14.991986-20056”17110, 220, 440, 4801-2 Heavy IndustrialVP-43-1
BUILDING INFORMATION Square Footage: Manufacturing SF: Offi ce SF:Ceiling Height:Bldg. Construction:Exterior Surface:Acres:Year Built:Floor:Overhead Doors:Power:Zoning:Parcel Number:
INTERIOR PHOTOS
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7I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S
BUILDING INFORMATION (3)
Investment Real EstateBrokerage
I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 8
308 S Wisconsin Street, Pulaski, WI 54162
66,09862,0964,00211’-19’SteelSteel3.01950-19756”10110, 220, 440, 4801-2 Heavy IndustrialVP-1857
BUILDING INFORMATION Square Footage: Industrial SF: Offi ce SF:Ceiling Height:Bldg. Construction:Exterior Surface:Acres:Year Built:Floor:Overhead Doors:Power:Zoning:Parcel Number:
BUILDING INFORMATION (4)
Investment Real EstateBrokerage
I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 9
517 E Cedar Street, Pulaski, WI 54162
61,77460,0141,76019’-20’Concrete BlocksMasonry2.86”331-2 Heavy IndustrialVP-1859
BUILDING INFORMATION Square Footage: Industrial SF: Offi ce SF:Ceiling Height:Bldg. Construction:Exterior Surface:Acres:Floor:Overhead Doors:Dock Doors:Zoning:Parcel Number:
PROPERTY OUTLINES
Investment Real EstateBrokerage
I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 10
790 Industrial Park790 Industrial Park
830-850 830-850 East GlenbrookEast Glenbrook
517 East Cedar517 East Cedar
308 South Wisconsin308 South Wisconsin
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AERIAL PHOTOS
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AERIAL PHOTOS
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REGIONAL MAP
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I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 13
SUBJECT PROPERTIES
KWEKEL COMPANIES DISCLAIMER
The information contained in the following Investment Prospectus is proprietary and strictly confi dential. It is intended to be reviewed only by the party receiving it from Kwekel Companies, and should not be made available to any other person or entity without the written consent of Kwekel Companies. This offering memorandum has been prepared to provide summary, unverifi ed information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Kwekel Companies has not made any investigation, and make no warranty or representation, with respect to the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon. The information contained in this overview has been obtained from sources we believe to be reliable; however neither Kwekel Companies, nor the Seller have verifi ed, and will not verify, any of the information contained herein, nor has Kwekel Companies or Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Investment Real EstateBrokerage
I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 14
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I N D U S T R I A L S A L E L E A S E B A C K E X P E R T S 15
TEAM
Tim is the founder and President of Kwekel Companies. Kwekel Companies is a Real Estate Investment Firm that operates internationally and specializes in the acquisition and disposition of Industrial Investment Real Estate. Tim’s clientele include public and private REITs, Syndicated Investment Groups and Private Investors.
Tim’s experience has given him a broad understanding of the Commercial Real Estate Investment market, with particular emphasis on Industrial Sale Leasebacks. Many Corporations, Financial Institutions, and Law Firms have utilized his expertise as a Real Estate Consultant and Market Analyst.
Tim Kwekel | President
Damon has been a part of Kwekel Companies since its inception and continues to play a vital role in establishing the fi rm as a highly regarded and innovative company. Damon is a long term net lease veteran specializing in the brokerage and sale leaseback of single tenant, net leased assets. Prominent developers, operators, and institutions have utilized his expertise in the acquisition and disposition of properties nationwide. Combining a corporate background with numerous industry awards and designations, Damon has both the experience and knowledge to tackle today’s complex real estate scenarios.
Damon Root | Vice President