Listed by Kwekel Companies
$3,300,000
Habersham
Details
APN 032B-184
Property Type Industrial
Sub Type Manufacturing
Square Footage 88,455
Cap Rate 8.85%
NOI $292,050
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Rent Bumps Yes
Price per SqFt $37
Class C
Year Built 1976
Year Renovated 1997
Buildings 1
Acreage 8.100
Zoning CI | COMMERCIAL INDUSTRIAL
Investment Type Sale/Leaseback
Ground Lease No
Ceiling Height 14' - 20'
Loading Docks 3
Dock High Doors 3
Industrial | 8.85% CAP | 88,455 SqFt
Marketing description
Kwekel Companies is pleased to offer the sale leaseback of Habersham's 88,455 square foot industrial building located on an 8 acre site. Habersham will execute a new 10 year absolute NNN lease at closing.
Investment highlights
- LEADING MANUFACTURER | Habersham is one of America's most respected luxury furniture and custom cabinetry manufacturers, with over five decades of uninterrupted operation from its North Georgia headquarters.
- PRESTIGIOUS CLIENT BASE | Their creations can be found in beautiful homes, luxury hotels, and other prestigious properties, bringing timeless elegance and unparalleled craftsmanship to spaces around the world.
- 100% AMERICAN MADE | With custom-fitted cabinetry and more than 600 pieces of furniture, each piece is handcrafted in the US by skilled artisans, with every item customizable to the customer's preference including detailing, finishing techniques, and hand-painting.
- SPECIALIZED NICHE | They are a leading manufacturer of custom cabinetry, styled showpiece reproductions, and original, copyrighted furniture designs. Operating in the highly defensible luxury segment where craftsmanship and brand reputation create significant barriers to entry.
- SKILLED WORKFORCE | Toccoa has long been defined by its manufacturing heritage, earning the nickname "Furniture, Thread, and Steel City," with manufacturing employing approximately 21% of the local workforce across more than 60 manufacturing plants.
- STRATEGIC LOCATION | Toccoa is conveniently located near U.S. Highway 123 and Interstate 85, providing easy access to both Atlanta and Greenville, SC -- each within a 90-minute drive.
Listing Contacts
Listed by Kwekel Companies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$292,050.00
$24,337.50/mo
Valuation Metrics
0
DSCR
8.85%
Cap Rate
8.85%
ROI
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