Wilbert Plastics Manufacturing Facility & Warehouse – Greenville MSA SC

$ 15,885,039
2930 GREENVILLE HIGHWAY, EASLEY

Overview

  • Updated On:
  • July 4, 2023

Description

  • Closed at 6.22% Cap Rate
  •  Absolute net lease with no landlord responsibilities
  •  +/- 9 years of firm lease term remaining
  • 2% annual rental rate escalations
  • Long-term operating history with the Asset originally established in 1969 with Easley Custom Plastics as the Tenant. The business was acquired by Wilbert Plastics Services in 2011
  • Tenant’s parent company was acquired by Berkshire Hathaway in October 2022
  • Entity level financial reporting and strong unit level performance | Lease Guarantor Piedmont Manufacturing Group, LLC
  • Berkshire Hathaway has credit ratings of S&P AA and Moody’s AA2
  • Alleghany Corporation’s credit rating was reaffirmed AA by S&P in October 2022 and upgraded to A1
  • Tenant is wholly owned subsidiary

Address: 2930 GREENVILLE HIGHWAY
City:
State/County:
Zip: 29640
Country: United States

Property Id: 20226
Price: $ 15,885,039
Price/SF: $61.79
Cap Rate: 6.22%
Building Size: 257,086 SF
Lot Size: 77.82 Acres

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Ani Paulson

Team Lead | Senior Director Investments

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