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2821 Old Rte 15New Columbia, PA 17856
Thermal Product Solutions
Asset ClassIndustrial
overview of deal

Overview

Graystone Capital Advisors exclusively presents the opportunity to acquire a single tenant, net leased asset occupied by Thermal Product Solutions. This 128,000 SF manufacturing warehouse also serves as the corporate headquarters. Thermal Product Solutions (TPS, LLC) has occupied this building for over 20 years. TPS designs and manufactures industrial and laboratory ovens, furnaces, environmental temperature cycling chambers, and stability test chambers. The company serves a global customer base across a broad range of industries, providing both standard and custom-engineered thermal processing and environmental testing equipment.

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Investment Highlights

  • Recently executed extension. Tenant and LL invested in building upgrades
  • New Carpet, Windows, HVAC Upgrades
  • Stable customer base including technology, defense, medical and pharmaceutical manufacturing industries.
  • High margin in house custom design and manufacturing capabilities.
  • Skilled labor force including electricians & HVAC specialists which they source from Penn College.
  • Tenant has substantial land for future expansion
  • Below market lease rate supports tenants long term viability
  • Nearby logistics providers include LTL Freight, XPO, Weis Markets Distribution, Estes Express Lines, Moran Logistics, Kellogg Company, & Amazon
  • Direct Access to I-80 a major east-west interstate highway. It connects with several major routes, including I-476 (the "Northeast Extension" of the Pennsylvania Turnpike), I-180, I-99, I-79, and I-376.
  • Industrial manufacturing market. (Penn College located in Williamsport for employee training)
  • Northeastern metropolitan area — extending from Western Connecticut, through New York, Philadelphia, and Baltimore to Washington, DC — is within three hours or less drive time.
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2821 Old Rte 15New Columbia, PA 17856

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