8101 Baumgart Rd, Evansville, IN 47725

PROPERTY WEBSITE/OFFERING MEMORANDUM: www.​FlandersPortfolio.​com

CALL FOR OFFERS: 10/30/2020 5PM

Colliers International, as seller’s exclusive advisor, is pleased to offer this unique sale-leaseback opportunity.​ This opportunity provides an investor the ability to acquire a multi-state, single-tenant industrial portfolio, comprised of fifteen buildings across 6 US locations (“Property”).​ FLANDERS, the property’s current long-term owner/occupant, is offering the deal with a 20-year leaseback of the facilities.​ FLANDERS will continue to base their HQ, Administrative, Engineering, Production, Warehousing and Operations out of the Property.​ Property locations include Evansville, IN, Marion, IL, Casper, WY, Lakeland, FL, and Longview TX.​ The combined properties total 81.8 acres, with 15 buildings totaling 723,142 SF.​ All properties will be 100% leased-back to FLANDERS with a market-based rent of approximately $3.8M for an initial term of 20 years with eight (8) five-year renewal options.​ 

This 3rd generation, family-owned and operated business is based in Evansville, IN and now led by CEO, Allen Patterson.​ The family’s history with the company began in 1947, when Roy Patterson (Allen’s grandfather) co-founded FLANDERS.​ Roy built the company over his lifetime, igniting a similar commitment from son, Dave Patterson.​ Dave succeeded in growing the company to over 750 employees with international expansion, while teaching his 3 sons the business.​ Dave continues to provide guidance at a corporate level, while working alongside his sons, Allen, Joe and Doug.​ With deep family roots, FLANDERS is a pioneering power systems technology company, that provides industry renowned electric motor services including large scale design, fabrication, repair and the automation and integration of systems utilized in a wide range of end markets.​ In addition, the Company is an industry leader in smart maintenance technologies and is the go to integration specialist for a range of 3rd party power systems and related components.​

Mission Critical Facilities
NNN Lease Structure with 20 Year Fixed Term with 1.5% Annual Increases
"Sticky" Tenancy
Significant Discount to Replacement Cost
Future Expansion Potential
Integrated Manufacturer with Patented Products