Buckeye Corrugated Sale Leaseback Portfolio

  • 826,283 Square Feet
  • Industrial
  • For Sale

Summary Description

The Chicago office of Colliers International is pleased to present the fee simple interest in the Buckeye Corrugated Portfolio (the “Offering” or “Portfolio”). The Offering consists of six buildings evenly spread across the eastern half of the United States totaling 826,283 square feet (SF). The buildings are fully occupied by Buckeye Corrugated Inc. (BCI), a leading designer and manufacturer of corrugated packaging and displays.

Buckeye Corrugated Inc will lease these facilities on a net lease with a 20-year term with rental increases. Due to the specialized nature of Buckeye’s operations, Buckeye Corrugated has invested significant capital in these mission-critical manufacturing and design facilities. Founded in 1958 in Wooster, Ohio, BCI constitutes a successful and growing company. The company has achieved sustained growth for four decades employing a strategy of organic expansion and strategic acquisitions, culminating in today’s operations of nine divisions and three fulfillment/distribution centers. A mix of legacy and recently-built facilities, the buildings themselves have been tailored to the specific needs of BCI, with each requiring a significant capital investment of $9 million to $12 million to become operational.

​​​​​​​In summary, the Buckeye Corrugated Portfolio offers investors an ideal opportunity to acquire a large footprint of US net leased industrial product with long-term stable cash flow from a well-established company.

Property Status: Fully Tenanted

Building Size: 826283 Square Feet

Area Available: 826,283 Square Feet

Building Address 1:

3350 Long RD, Wooster, OH

Building Address 2:

4001 High School Rd, Indianapolis, IN

Building Address 3:

4501 2nd Ave North, Sioux Falls, SD

Building Address 4:

797 Old Dutch Rd, Victor, NY

Building Address 5:

1500 Elizabeth Lee Pky Loudon, TN

Building Address 6:

3950 Continental Dr Columbia, PA

Features:

  • 826,283 square feet
  • Credit Tenancy
  • Mission-Critial Profit Centers
  • 20-Year Leaseback Term
  • Successful company history
  • Proven growth strategy
  • Tenured senior leadership
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