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Single-Tenant Industrial

United Group Services HQ SLB

9740 Near Dr, West Chester, OH 45246

Listing Price: $10,340,000

Cap Rate
7.00%
Gross SF
94,247
Price/Gross SF
$109.71
Lot Size
6.40 acres
Year Built
1972
Rentable SF
94,247

Investment Overview

The DiSalvo Group of Marcus & Millichap is pleased to present to market the sale-leaseback of the United Group Headquarters of West Chester, Ohio. Located in the main industrial corridor of the Cincinnati MSA, the Headquarters spans 92,427 square-feet, comprised two flex industrial buildings structure at 47% professional office and 53% Industrial Manufacturing and have operated as United Group Services corporate headquarters for nearly 20 years. Constructed in 1972 and 1988 respectively, with substantial expansions, renovations, and improvement projects within the last 10 years, the Subject Properties provide easy access to I-75 and I-275, the Cincinnati beltway. The subject properties feature new roofs within the last 8 years, over $2 million in specialized machinery and HVAC equipment, as the tenant has established these buildings as a foundation for the long-term growth of the company. Not only does the United Group Headquarters handle the day-to-day operations from this facility, but it also handles the operations of the in-house staffing company and the nationally accredited welding school, where they train their future employees.

The United Group Headquarters Sale-Leaseback is strategically positioned for all investors, as a Single-Tenant, Net Leased Flex Portfolio featuring a new 10-year, absolute net lease executed upon close of escrow and fully guaranteed by United Group Services, a 38 year-old company founded in Cincinnati. The Corporate Guarantor is comprised of five operating businesses within the corporate umbrella including Core Crew Staffing, Innovative Mechanical Solutions, and Elite Welding Academy. The lease structure will include two, 5-year renewal options along with 1.5% annual rent escalations throughout the entire term of the lease. Provided the strength of the lease, and ideal structure providing absolutely zero Landlord responsibilities, makes the United Group Sale-Leaseback an ideal acquisition opportunity for any investor seeking hands-off stabilized and secure returns.

A truly excellent industrial/flex investment opportunity for all investors, the United Group Services Headquarters features excellent real estate fundamentals and a long-term, absolute net lease which provides zero landlord responsibilities in partnership with a long-standing, well-funded industry leading company. With substantial prior investment into the real estate, United Group Services has long-established roots within the subject properties as the catalyst for their continued corporate growth nation-wide. Offered to market asking $10,340,000, which reflects a 7.0% CAP Rate on year-one actuals, the United Group Headquarter Sale-Leaseback will provide investors a day-one 11.09% Cash-on-Cash return with available market financing.

Investment Highlights

  • 10-Year Absolute Net Lease | 1.5% Annual Escalations | 2, 5-Year Renewal Options
  • Well-Established Corporate Lease Guarantor | 38 Years Business Operational History
  • 94,247 Sqft. 2-Building Flex-Industrial Corporate Headquarters | Cincinnati MSA
  • Located in Westchester Industrial Corridor | Easy Access to I-75 and I-275
  • Zero Landlord Responsibilities | 11.09% Day-One Cash-on-Cash Return

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Single-Tenant Industrial

United Group Services HQ SLB

Listing Price: $10,340,000

Cap Rate
7.00%
Gross SF
94,247
Price/Gross SF
$109.71
Lot Size
6.40 acres
Year Built
1972
Rentable SF
94,247

Investment Highlights

  • 10-Year Absolute Net Lease | 1.5% Annual Escalations | 2, 5-Year Renewal Options
  • Well-Established Corporate Lease Guarantor | 38 Years Business Operational History
  • 94,247 Sqft. 2-Building Flex-Industrial Corporate Headquarters | Cincinnati MSA
  • Located in Westchester Industrial Corridor | Easy Access to I-75 and I-275
  • Zero Landlord Responsibilities | 11.09% Day-One Cash-on-Cash Return

Investment Overview

The DiSalvo Group of Marcus & Millichap is pleased to present to market the sale-leaseback of the United Group Headquarters of West Chester, Ohio. Located in the main industrial corridor of the Cincinnati MSA, the Headquarters spans 92,427 square-feet, comprised two flex industrial buildings structure at 47% professional office and 53% Industrial Manufacturing and have operated as United Group Services corporate headquarters for nearly 20 years. Constructed in 1972 and 1988 respectively, with substantial expansions, renovations, and improvement projects within the last 10 years, the Subject Properties provide easy access to I-75 and I-275, the Cincinnati beltway. The subject properties feature new roofs within the last 8 years, over $2 million in specialized machinery and HVAC equipment, as the tenant has established these buildings as a foundation for the long-term growth of the company. Not only does the United Group Headquarters handle the day-to-day operations from this facility, but it also handles the operations of the in-house staffing company and the nationally accredited welding school, where they train their future employees.

The United Group Headquarters Sale-Leaseback is strategically positioned for all investors, as a Single-Tenant, Net Leased Flex Portfolio featuring a new 10-year, absolute net lease executed upon close of escrow and fully guaranteed by United Group Services, a 38 year-old company founded in Cincinnati. The Corporate Guarantor is comprised of five operating businesses within the corporate umbrella including Core Crew Staffing, Innovative Mechanical Solutions, and Elite Welding Academy. The lease structure will include two, 5-year renewal options along with 1.5% annual rent escalations throughout the entire term of the lease. Provided the strength of the lease, and ideal structure providing absolutely zero Landlord responsibilities, makes the United Group Sale-Leaseback an ideal acquisition opportunity for any investor seeking hands-off stabilized and secure returns.

A truly excellent industrial/flex investment opportunity for all investors, the United Group Services Headquarters features excellent real estate fundamentals and a long-term, absolute net lease which provides zero landlord responsibilities in partnership with a long-standing, well-funded industry leading company. With substantial prior investment into the real estate, United Group Services has long-established roots within the subject properties as the catalyst for their continued corporate growth nation-wide. Offered to market asking $10,340,000, which reflects a 7.0% CAP Rate on year-one actuals, the United Group Headquarter Sale-Leaseback will provide investors a day-one 11.09% Cash-on-Cash return with available market financing.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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