Overview
Cushman & Wakefield’s Corporate Capital Markets Group and Charlotte Investment Sales Team have been exclusively retained by Columbus McKinnon Corporation (“CMCO” or the “Company”) to solicit proposals for the long-term sale-leaseback of its Wadesboro, NC manufacturing facility (the “Asset”). The Asset is a mission critical facility that serves as main producer for wire rope hoists and crane kits, which feature American-made hooks and chain, along with other carefully selected components.
The Site
Wadesboro, NC: Located at 2020 Country Club Rd, the facility is situated on 17 acres of land and features a 180,000 square foot building bordered by Country Club Road to the northeast and U.S. Highway 52 to the southwest. The plant employs approximately 190 associates working in two shifts, including assemblers, CNC operators, manual machinists, and other manufacturing roles.
Columbus McKinnon Corporation
Columbus McKinnon Corporation (NASDAQ: CMCO) is a global leader in intelligent motion solutions, specializing in the design, manufacture, and marketing of products that efficiently and ergonomically move, lift, position, and secure materials. Founded in 1875, the Company is a prominent player in hoist craftsmanship becoming a top performer in the material handling industry. The Company currently holds a ‘B+’ rating from S&P and ‘Ba3’ rating from Moody’s. Headquartered in Charlotte, North Carolina, CMCO operates a global network that includes offices and manufacturing facilities across North America, Latin America, Europe, the Middle East, Africa, Asia, and Oceania. The Company’s global footprint encompasses over 76 locations in 14 countries, employing more than 3,500 individuals. Columbus McKinnon Corporation offers a comprehensive range of products and services, including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. These products serve various industries such as manufacturing, transportation, energy and utilities, construction and infrastructure, and e-commerce. The Company operates under 19 brands, including CM, STAHL CraneSystems, Yale, Magnetek, Coffing, Dorner, and Duff-Norton, among others. These brands combine to provide integrated solutions that enhance safety, productivity, and operational efficiency for their customers. Columbus McKinnon Corporation is recognized as a leading provider in the material handling industry, with a strong presence in both the U.S. and international markets. The company’s commitment to innovation and quality has solidified its position as a trusted partner for businesses seeking reliable and advanced motion solutions.
The Opportunity
The Offering represents a unique opportunity for an investor to acquire an irreplaceable manufacturing site strategically located in the #1 state for manufacturing, North Carolina. The Asset is a mission critical facility that would be prohibitively expensive and incredibly disruptive to operations to replicate elsewhere. The long-term net lease provides stable, contractual cash flow with a significant future redevelopment opportunity of this prime industrial location if Columbus McKinnon were to vacate.
Investment Highlights
Strategically Located Facility: Wadesboro sits along U.S. Highway 52 and within driving distance of Charlotte and major interstates (I-74, I-85, I-77, I-95), offering efficient access to suppliers, customers, and ports. Being in the Southeast positions CMCO close to a growing base of industrial, logistics, and construction customers, as the region has become a hub for manufacturing and distribution.
100% Leased to Global Leader of Intelligent Motion Solutions: Its portfolio includes hoists, cranes, motion control systems, rigging tools, precision conveyors, and digital automation solutions, sold under well-known brands such as CM, STAHL CraneSystems, Yale, Magnetek, Coffing, Dorner, and Duff-Norton. Operating for over 150 years and publicly traded for almost 30 years, the Company has a global footprint across 14+ countries with 76+ locations and employs approximately 3,500 individuals.
Mission Critical Location: The facility plays a crucial role in ensuring the highest standards of quality and safety for the production of the wire rope hoists and crane kits. Replicating this location elsewhere would be cost-prohibitive and highly disruptive to
operations.
Prime Industrial Asset in a High-Demand Market: The industrial market in the Charlotte/Concord/Gastonia MSA, which includes Wadesboro, remains strong with steady tenant demand and limited new supply. Vacancy rates are low, rental rates continue to
rise, and absorption is healthy, driven by logistics, manufacturing, and e-commerce growth.
Long-Term Absolute Net Lease with Stable Cash Flow & Annual Escalations: The sale-leaseback will provide predictable, stable cash flow on an absolute net lease with no landlord obligations.
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