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Marquis Industries Portfolio

Multiple Locations, Chatsworth, GA 30705
Availability: COE:6/15/2016 Size:426,111 SF
Shipping: The portfolio was offered as a sale- leaseback for 15 years, absolute net lease, with annual CPI rental increases and 2 5-year options to extend. 5 of the 8 properties are located in the city of Chatsworth.
Pricing: $0.00
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Description

Agents

BEN TASHAKORIAN | FIRST VICE PRESIDENT


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Toby Boessen | Associate

Member: NOIPG
License: CA 01925230
Cel: (703) 731-2815
Dir: (310) 909-5414
tboessen@marcusmillichap.com

Description

Marcus & Millichap is pleased to present the sale of Marquis Industrial Portfolio, an eight-property industrial portfolio located in various parts of Whitfield County, Georgia. The portfolio was offered on a sale leaseback for 15 years, absolute net lease, with annual CPI rental increases and 2 5-year options to extend.

Marquis Industries is a leading manufacturer and reseller of carpet and hard surface floorcoverings as well as a manufacturer of innovative yarns. The Company is a Top 10 manufacturer of residential carpet in the US, which it sells to a diverse network of over 2,000 flooring dealers throughout North America under the Best Buy brand name. Marquis also resells hard surface flooring products and manufactures and sells high performance yarns. Marquis utilizes over 400,000 square feet under roof and has recently invested in efficient new equipment to expand new higher margin markets and reduce costs. Marquis’ CEO and majority owner is pursuing a transaction for estate planning purposes. Three senior managers also own minority interests. All owners are willing to roll equity and all key managers desire to stay with the Company to grow.

Features

  • 426,111 SF Industrial Portfolio
  • Absolute NNN Lease
  • 9.25% Cap Rate
  • 15 Year Lease with 2 5-Year Options
  • Annual CPI Rent Increases
  • Lease Guaranteed by Marquis Industries

RBA (Portfolio)

426,111 SF

First Year Cap Rate

9.25%

Lease Type

Absolute NNN

Original Lease Term

15 Years, Two 5-Year Options

Rental Increases

Annual CPI with 2% Cap

Details

  • 22932147
  • Industrial
  • COE:6/15/2016 Size:426,111 SF
  • New

Shipping Information

  • Item Requires Shipping
  • The portfolio was offered as a sale- leaseback for 15 years, absolute net lease, with annual CPI rental increases and 2 5-year options to extend. 5 of the 8 properties are located in the city of Chatsworth.

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