NAI Hiffman arranges $17M sale-leaseback deal

  • NAI Hiffman a sale-leaseback transaction on behalf of Young Innovations, Inc., on properties located in Algonquin and Earth City, Missouri.

    NAI Hiffman a sale-leaseback transaction on behalf of Young Innovations, Inc., on properties located in Algonquin and Earth City, Missouri. Photo courtesy NAI Hiffman

  • NAI Hiffman a sale-leaseback transaction on behalf of Young Innovations, Inc., on properties located in Algonquin and Earth City, Missouri.

    NAI Hiffman a sale-leaseback transaction on behalf of Young Innovations, Inc., on properties located in Algonquin and Earth City, Missouri. Photo courtesy NAI Hiffman

 
Updated 10/16/2019 10:13 AM

OAKBROOK TERRACE -- NAI Hiffman said it has completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment.

The assets, which sold for $17.1 million, include the company's 95,000-square-foot headquarters building at 2260 Wendt St. in Algonquin, as well as the firm's three manufacturing and distribution facilities, totaling 117,400 square feet in Earth City, Missouri, a suburb of St. Louis.

                                                                                                                                                                                                                       
 

Young Innovations will maintain operations at all properties under a 20-year lease with the buyer, New York-based New Mountain Net Lease.

The sale, brokered by Pat Sullivan, executive vice president, and Ryan Chambers, vice president of NAI Hiffman's Capital Markets Group, marks the sixth single-tenant sale-leaseback transaction executed by the firm's Capital Markets Group over the past 24 months. Together, they comprised 16 assets across seven states that, collectively, were valued at nearly $120 million.

"Through sale-leaseback transactions, companies like Young Innovations are able to capitalize on strong pricing without any disruption to their business, in many cases reinvesting proceeds to support future growth," said Sullivan. "These transactions also provide the steady, predictable returns that many investors seek."

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