5727 Ostrander Rd.
Altamont, NY 12009 ·
51,682 SF · Industrial For Sale
|Building Size||51,682 SF||Occupancy||100%|
|Property Sub-type||Manufacturing||Year Built||1969|
|Property Use Type||Investment||Lot Size||5.73 AC|
|Listing ID: 14242470||Date Created: 06/17/2005||Last Updated: 10/21/2005|
Why Sale Leaseback?
Mr. Daniel Hill is the current President and CEO of MetWeld. Once the sole owner from 1982-2003, Mr. Hill desires to once again own 100% of the operating business which is currently owned by Tiber Industries. Mr. Hill currently owns the land and improvements and is willing to execute a sale leaseback on his holdings to fund the acquisition of the operating business from Tiber. Mr. Hill s great confidence in the fundamentals of the business, its blue chip customer base (General Electric, Siemens Westinghouse, Duke Fluor Daniel, Alfa Laval and AtlasCopco), and realistic prospects to grow market share, has led him to sell the security of owning the real estate and receiving a paycheck as CEO to becoming the sole stakeholder of MetWeld once again.
As a company, MetWeld has grown substantially since its start over 30 years ago. With the first quarter over, MetWeld is projected to reach between $10-12 Million in sales. The strong sales, a 34 year history and a chief executive that has run the business for over 20 years all contribute to the stability, strength and attractiveness of the sale leaseback scenario. MetWeld represents an opportunity for a new inv
The town of Guilderland sits just outside the city of Albany. The town is primarily residential and has been acknowledged for its convenient accessibility. US Route 20, also known as Western Ave, travels through the town's midsection and is the primary east/west access corridor with direct connections to Albany's downtown central business district. Interstate 87, the Adirondack Northway, originates from US Route 20, and provides convenient access to the NYS Thruway toll plaza and the Albany County Airport, both within 5 miles from the subject property. ]
- Great 9 CAP Opportunity
- In business 34 years
- 2004 One of Its Highest EBITDA's Ever
- MetWeld is a premier supplier
- Cutomers include: GE, Siemens, Duke Fluor Daniels
- 2005 est. EBITDA $500-$700K
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