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This in an investment sale of a 99,400 SF industrial building that has a triple net (NNN) lease tenant. The current annual income is $276,000 or $23,000 per month. The Cap Rate generated by this income is 9.22%. The Landlord has no expenses. Pyramid Mouldings has occupied this building since about 1984 or for 30 years now. Pyramid Mouldings employs about 50-70 non-union employees at this plant facility. The parent company can be found at www.pyramidmouldings.com. Pyramid Mouldings does about $40 million in annual sales. Pyramid Mouldings though was recently purchased HRH Capital, LLC. HRH Capital major asset is the company named Roller Die & Forming which is a complimentary business to Pyramid Mouldings. (www.rollerdie.com)
Pyramid Mouldings was a privately held company founded in 1928 with the mission of being a leading OEM supplier of high quality, competitively priced custom rolled form products. They manufacture parts for industries that include appliances, automotive, display and storage racks, building products, furniture and fixtures, solar and transportation.
CATOOSA COUNTY is one of the fastest growing counties in Georgia. The growth and prosperity is attributed to the excellent school system, its nearby neighbor, Chattanooga, Tennessee, beautiful landscape and above all, the outstanding quality of life.
Its proximity to Chattanooga makes it an attractive bedroom community -- their borders are contiguous and their communities blend.
Its largest source of employment is textile manufacturers throughout the county and region. Both the Chamber of Commerce and county government strongly encourage the expansion of existing industry and pursue the opportunities for new business in the area.
For qaulified buyers, fiancail information ia available for both Pyramid and HRH. - Parking description: Paved parking lot. - Area description: The subject is located in Northwest Catoosa County. The surrounding development is a mixed use in nature and includes light industrial, spot commercial, multifamily, single family and churches. - Number of buildings: 1 - Building condition: Good - Tenancy: Single Tenant
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