The Basics
Sale/Leaseback Benefits
Criteria
Custom Structuring
Financial Statement Impact
Case Study: Tire America
Case Study: Kenco Group
Next Steps
|
Case Study: Kenco Group
Kenco Goal:
Capture equity from the property and re-deploy that capital into a new facility that allowed for better leverage of their corporate strengths and addressed a strong customer need. This was a single property transaction that may lead to more in the future.
About Kenco & The Property
- Privately owned 3rd party logistics provider
- Financially healthy - well managed
- 96,000 sq. ft. distribution center built in 1998
- 9.5 acre site in Michigan
- Signed 7 year net lease
- Two five-year extension options year net leases
|
|
