AmerCareRoyal - Westfield MA_Property for Sale
AmerCareRoyal - Westfield MA_Property for Sale

AmerCareRoyal - Westfield MA

6-8 Elise St, Westfield, MA, 01085-1414, US

Description

JLL is pleased to exclusively offer for sale the AmerCareRoyal Industrial Facility, located at 6-8 Elise St, Westfield (Springfield MSA), MA (the “Property” or “Asset”).The single-tenant asset is 100% net-leased to McNairn Packaging, Inc. (“Tenant”), featuring a parent guaranty from AmerCareRoyal LLC (“Guarantor,” the “Company,” “AmerCare”, or “ACR”), a leading supplier of disposable products specializing in packaging, preparation, and sanitation solutions for the foodservice industry. AmerCareRoyal, headquartered in Exton, PA, generates approximately $1 billion in annual revenue and is a portfolio company of HCI Equity Partners, LLC (“Sponsor”), which has invested significantly in the Company’s growth since its acquisition in 2014.


The Property, a mission-critical, 108,064-square-foot industrial facility, is secured by a long-term absolute NNN lease with 15-years of remaining lease term, 2.00% annual increases and no landlord responsibilities. The Tenant, a key subsidiary of AmerCareRoyal, specializes in manufacturing paper sheets and interfold products for foodservice, supermarket, bakery, and food processing markets. Strategically located in Westfield, MA, approximately 12 miles northwest of Springfield, the Facility sits within a historical paper manufacturing hub, and benefits from a well-connected industrial submarket with access to major transportation corridors.


This offering presents a rare opportunity to acquire a high-quality, single-tenant industrial asset backed by a robust parent guaranty from an industry leader. With AmerCareRoyal’s strong financial performance, diversified product portfolio, and ongoing growth through strategic acquisitions, the Property offers investors stable, long-term cash flow and minimal management obligations in a thriving market.


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Attributes

Asking price
₹604,484,000
Cap rate
6.9%
Building area net
10,039 m²
Occupancy
100%
Year built
1972
Land area gross
2.83 ha
WAULT
15 years
Annual escalation
Fixed

Media

Investment Highlights

  1. Over 15 years of remaining term on absolute net lease; no LL responsibilities
  2. Guarantor is a leading supplier of disposable products for the foodservice industry
  3. In-place rent is ±40% below market, leading to highly defendable basis
  4. Well-invested facility, with over $20M in 2023-2024 Tenant capex investment
  5. 35-year tenure from Tenant with 90 employees on site and 24/7 production lines
  6. Strategic location in NE paper, plastics manufacturing hub with 5.0% vacancy
  7. Premier Sponsorship from HCI, with $1.4 billion AUM
AmerCareRoyal - Westfield MA 4_Property for Sale
AmerCareRoyal - Westfield MA 4_Property for Sale

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AmerCareRoyal - Westfield MA (0 Properties)

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Last updated
4 Jun 2025