offering memorandum contmid group industrial portfolio

OFFERING MEMORANDUM – CONTMID GROUP PORTFOLIO SALE LEASEBACK | 1

OFFERING MEMORANDUMContMid Group Industrial Portfolio Sale Leaseback


TABLE OF CONTENTS

TRANSACTION OVERVIEW PAGE 4

COMPANY OVERVIEW PAGE 5

COMPANY PRODUCTS PAGE 6

PROPERTY OVERVIEWS, PHOTOS & MAPS PAGES 7 - 15

OFFERING MEMORANDUM – CONTMID GROUP SALE LEASEBACK PORTFOLIO | 3OFFERING MEMORANDUM – CONTMID GROUP PORTFOLIO SALE LEASEBACK | 3


ContMid Group Portfolio – Multiple Locations

This Offering Memorandum (“Memorandum”) is intended solely for the use of prospective investors in determining whether or notto pursue the possible acquisition of certain properties (the “Properties”) located at various locations throughout Indiana and Ohio,from ContMid Group of Companies or its affiliates (collectively, the “Organization”). This Memorandum is of a proprietary andconfidential nature. Prospective investors and/or their advisors are expressly forbidden from sharing this information with anyindividuals or organizations that are not directly connected with the analysis of this investment opportunity. STREAM CapitalPartners, LLC (“SCP”) has been retained as the exclusive advisor for this investment opportunity. Any and all inquiries are to bedirected to SCP.

By accepting this Memorandum, the recipient agrees that it will cause its directors, officers, employees and representatives to usethe Memorandum and all of the information contained therein only to evaluate this specific investment opportunity and for no otherpurpose and shall return this Memorandum together with any copies to SCP upon request. This Memorandum contains confidentialmaterial which is non-public information. Receipt of this Memorandum constitutes your acknowledgment that you will maintain theinformation contained herein in strict confidence.

All information contained herein has been provided by the Organization, its affiliates or other sources that SCP deems reliable;however, SCP has not independently verified any of the information, including the financial estimates and projections and selectedreal estate information, contained herein. This Memorandum includes information about the Organization, including selectedfinancial information, estimates and projections that reflect various assumptions concerning anticipated results, which may or maynot prove to be correct and selected real estate information which may or may not prove to be correct. Such projections andestimates may or may not be indicative of future performance, which may be significantly more or less favorable than that asreflected herein.

In furnishing this Memorandum, none of the Organization, its affiliates or SCP undertakes any obligation to provide additionalinformation or to correct or update any of the information set forth in the Memorandum. None of the Organization, its affiliates orSCP makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information containedherein in this Memorandum, or made available in connection with any further investigation of the Organization, and nothingcontained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The recipientshould rely solely on the representations and warranties made to it by the Organization or its affiliates in any executed definitiveagreement.

Under no circumstances should the Organization, its affiliates or any of their management, directors, shareholders,lenders, employees, customers or vendors be contacted directly.


Portfolio Rent: $1,757,243

Cap Rate: 7.00%

Portfolio Price: $25,103,471

Initial Term: 15 Years

Transaction Overview

Portfolio SF: 466,980

Lease Type: Absolute NNN Lease – no LL responsibilities

Rent Increases: 1.50% annual rent increases

Renewal Options: Four (4), five (5) year options

Building Site Size Site Size Year 1 Rent Year 1 Rent Cap Rate Value

SF AC SF ($/SF) ($) (%) ($)

4001 Redbow Drive, Valparaiso, IN 109,280 5.00 217,800 $4.35 $475,368 7.00% $6,790,971

941 Lake Road, Medina, OH 117,700 $3.50 $411,950 7.00% $5,885,000

955 Lake Road, Medina, OH 154,500 $3.50 $540,750 7.00% $7,725,000

1988 County Road 593, Tiffin, OH 85,500 6.82 297.079 $3.85 $329,175 7.00% $4,702,500

TOTALS 466,980 42.71 1,563,665 $3.76 $1,757,243 7.00% $25,103,471

Property Address

30.89 1,345,568


Company Overview

ContMid Group (www.contmid.com) ("ContMid" or "the Company”) is a market leader in the design, manufacturing and distribution of metal fasteners to automotive OEMs, Tier I automotive suppliers and industrial manufacturers. The Company produces internally- and externally-threaded nuts and bolts, door strikers and related products for automotive vehicle systems, including restraint systems, airbags, door hardware, and ride control systems. ContMid is a combination of four interrelated businesses:

• Continental / Midland, LLC• Jacobson Manufacturing, LLC• MSD Stamping• Jacobson Manufacturing – Tiffin

By combining the strength of the four companies, ContMid offers its customers a comprehensive product line that includes both standard and custom designed bolts/studs, pins, bushings, nuts, shafts, rivets (tubular & non-tubular) stampings/door strikers, wheel nuts, and other specialty cold formed/machined or stamped steel parts and assemblies.

Monomoy Capital Partners (www.mcpfunds.com) acquired ContMid in July 2014. Through April 2015, ContMid achieved $10.7 million in EBITDA compared to $9.0 million EBITDA through the same period in 2014. ConMid achieved YE 2014 revenue of $230.4 million and YE 2014 EBITDA of $25.6 million. This compares to YE 2013 revenue of $219.5 million and YE 2013 EBITDA of $25.7 million.

100% of sale leaseback proceeds will be used to pay down debt

http://www.contmid.com/

http://www.mcpfunds.com/


Company Products

JACOBSON MANUFACTURING (MEDINA, OH)

MSD STAMPING

JACOBSON – TIFFIN (TIFFIN, OH)

CONTINENTAL / MIDLAND (VALPARAISO, IN)


Property Overview

• Building(s) square feet: Total: 109,280 SFBuilding 1: 105,680 SFBuilding 2: 3,600 SF

• Building function: Manufacturing & distribution

• Percent office: 5.00% office

• Year of construction: Building 1: 1994Building 2: 2000

• Construction type: Steel frame

• Clear height(s): 16’ – 18’

• Loading: Eight dock-high doors; four drive-in doors

• HVAC: Manufacturing area (gas-fired heaters); office (mounted unit)

• Electric: 480-volt, three-phase system

• Sprinkler: Wet system throughout

• Site size: 5.002 acres (2.99:1 land-to-building ratio)

• Location: Close to Hwy 30 and Hwy 49 with access to major interstates I-80, I-94 and I-65

Subject Property – 4001 Redbow Drive, Valparaiso, IN


Property Photos Subject Property – 4001 Redbow Drive, Valparaiso, IN


Subject Property – 4001 Redbow Drive, Valparaiso, INProperty Map

Subject Property

Chicago – 57 milesIndianapolis – 139 miles


Property Overview

• Building(s) square feet: Total: 272,092 SF (buildings connected by causeway)Building 1: 153,940 SFBuilding 2: 118,152 SF


• Number of stories: Single story


• Year of construction / expansion: Building 1: 1969 / 1993Building 2: 1978

• Construction type: Metal panel, concrete block and brick


• Loading: 12 dock-high doors; six drive-in doors

• HVAC: Manufacturing area (gas-fired heaters); office (forced air)


• Location: Industrial park setting, close to Hwy 41 with easy access to major interstate I-71, connecting to Cleveland and Columbus

Subject Property – 941 Lake Road, Medina, OH


Property Photos Subject Property – 941 Lake Road, Medina, OH


Subject Property – 941 Lake Road, Medina, OHProperty Map

Subject Property

Cleveland – 35 milesToledo – 108 milesColumbus – 108 milesPittsburg, PA – 132 miles


Property Overview

• Building(s) square feet: 85,500 SF


• Number of stories: Single story


• Year of construction / expansion: 1987 / 2003 & 2013(40,000 SF expansion in 2013)

• Construction type: Metal panel and concrete block


• Loading: Seven dock-high doors; three drive-in doors

• HVAC: Manufacturing area (gas-fired heaters); office (forced air)


• Location: Industrial park setting, adjacent to Seneca County airport; centrally located between Cleveland, Columbus and Toledo

Subject Property – 1988 County Road 593, Tiffin, OH


Property Photos Subject Property – 1988 County Road 593, Tiffin, OH


Subject Property – 1988 County Road 593, Tiffin, OHProperty Map

Subject Property

Toledo – 50 milesCleveland – 96 milesFt. Wayne - 115 milesColumbus – 86 miles

offering memorandum contmid group industrial portfolio

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