H2C CLIENT TRANSACTIONS
H2C Advises on Sale Leaseback of Food Processing/Distribution Headquarters
“The building was the nicest industrial building we have ever seen and a true testament to the Company’s leadershipteam on their commitment to operating at the highest of standards.”
-Philip J. Camp
Managing Director, H2C
NEW YORK — The Real Estate Investment Banking team
at H2C Securities Inc. (“H2C”), a strategic advisory and investment banking firm, served as the exclusive financial advisor to a privately held food processing and distribution company (the “Company” or “Seller”) on the $77.2 million sale/leaseback of their Corona, Calif., headquarters (the “Property”). H2C Managing Director Philip J. Camp and Vice President Kyle Hopkins led the transaction on behalf of H2C.
Prior to marketing the sale/leaseback of the building, the Seller received an unsolicited offer from a real estate investor. After reviewing the offer, H2C conducted a highly structured and competitive marketing process for the sale/leaseback of the Property that resulted in multiple offers over 40 percent above the unsolicited offer. The transaction successfully closed at the end of 2021, resulting in the highest price-per-square-foot ($411/square foot) sale price and lowest cap rate nationwide for all food manufacturing/distribution facilities over 150,000 square feet at the time of closing.
The 187,657-square-foot, state-of-the-art industrial facility, built in 2013, is located in the Inland Empire region of Southern California, which commands some of the nation’s highest industrial rents per square foot due to the area’s convenient access to crucial logistic outlets that allow for easy distribution throughout the United States. “The Inland Empire industrial sub-market is one of the hottest markets in the nation right now. Industrial rents have risen to an all-time high and building values are commanding premiums from investors due to the high demand and low inventory,” Camp said. “The building was the nicest industrial building we have ever seen and a true testament to the Company’s leadership team on their commitment to operating at the highest of standards.” Email PJ.
About H2C Securities Inc. ("H2C")
H2C is a strategic advisory and investment banking firm committed to providing superior advice to public and private healthcare and higher education institutions and related organizations throughout the United States. H2C’s professionals have a long track record of success in mergers and acquisitions, capital markets, and real estate transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value.
Securities and services offered through H2C Securities Inc., member FINRA/SIPC, a registered broker-dealer and an indirect subsidiary of Fifth Third Bank, National Association. All rights reserved. Securities and services offered through H2C Securities Inc.: Are Not FDIC Insured; Offer No Bank Guarantee; May Lose Value; Are Not Insured by any Federal Government Agency; Are Not a Deposit.
For more information, visit h2c.com.
H2C Real Estate Investment Banking Practice
For more than 20 years, the real estate investment banking professionals at H2C have successfully served as advisors on real estate transactions in excess of $16.5 billion nationwide. For more information on our real estate advisory group, please contact one of the following H2C professionals.
Philip J. Camp