Barnes Group SLB - Brecksville, OH_Actifs en vente

10367 Brecksville Road, Brecksville, OH, 44141, US

Barnes Group SLB - Brecksville, OH

Description de l'actif

JLL is pleased to exclusively offer for sale the Barnes Group Sale-Leaseback, comprising an industrial / manufacturing property totaling 53,380 SF located in Cleveland metropolitan. Upon closing, a business unit of Barnes Group will commit to a 20-year absolute NNN lease with 2.75% rent escalations annually.

Barnes Group is a leading aftermarket service provider and manufacturer of engineered components and industrial technologies across end markets including aerospace, medical, personal care, mobility, and packaging, among others. Recently acquired in January 2025 by investment funds managed by affiliates of Apollo Global Management, Inc. for $3.6 billion, Barnes’ business model is diversified across high-growth Aerospace and Industrial segments and generates strong free cash flow.

The Property present investors with an attractive opportunity to acquire a well-located and mission-critical industrial facility secured by strong tenancy on a long-term absolute net lease with growing cash flow.

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Caractéristiques de l'actif

Occupation

100 %

WALT

20 années

Type de bail

Triple net

Surface de l'actif Net

4 959 m²

Paquet

4.1 acres

Média

Points clés d'investissement

20-year absolute NNN lease with 2.75% annual rent increases back by Barnes Group.
Diversified business that spans 70+ countries, 6,500 employees, and over $1.5B in revenue.
Barnes has a 168+ year history as a global aftermarket service provider and manufacturer of highly engineered products
The property serves as the only North American manufacturing property for Barnes’ Hyson brand.
Highly productive facility with strong unit-level EBITDAR to rent coverage.
Significant tenant investment into the property totaling $4.0M ($75 PSF) between 2022 – 2027.
Strategic location within a top manufacturing hub in Cleveland MSA with proximity to the Company's major customers.
Excellent sponsorship in Apollo Global Management (acquired Jan 2025 for $3.6B).