CHALLENGE
Founded in 2001, Natureplex produces over-the-counter pharmaceutical and cosmetic products and provides its own control brand, private label products, and contract manufacturing to blue-chip customers. All products are blended, filled, and packed in Natureplex’s 135,000 SF state-of-the-art pharmaceutical-grade light manufacturing facility in Olive Branch, MS. After overcoming unique challenges from Covid and a sudden change in the C-suite, the company sought to pay down debt and invest in operations in order to improve its balance sheet. To release trapped equity, the company made a strategic decision to list the facility as a sale-leaseback, allowing Natureplex to leverage the inherent value of the property while maintaining operational control through a long-term lease.
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ACTION
As Natureplex sought expertise on the sale-leaseback of their manufacturing facility, they engaged Landon Williams and his team at Cushman & Wakefield. Landon and his team of investment advisors finetuned the underwriting of the 15-Year Absolute Net deal through comprehensive financial analysis that aligned with Natureplex’s goals. Landon’s best-in-class marketing team helped position the property in a way that was most attractive to the market. Their data-driven decisions and systematic strategy resulted in seven offers including the winning all-cash bidder who closed the deal in just 29 days from contract execution.
RESULT
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Exposed the deal to over 10,000 investors, generating 7 premiere offers
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Executed Purchase & Sale Agreement 6 weeks after launch of the deal
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Successfully closed the deal in 29 days from contract execution
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Achieved a cap rate of 8.14%
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After multiple rounds of competitive bidding, a contract was executed at $7.05 million with an all-cash Buyer
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