AVAILABLE FOR SALE - JLL Property river lumber om_8859384.pdf · All such documentation and information remains the property . ... Portfolio overview The property consists of a facility

AVAILABLE FOR SALEOPPORTUNITY TO PURCHASE SPECIALTY HARDWOOD FLOORING MANUFACTURING FACILITY, INCLUDING ALL EQUIPMENT AND TOOLS

2300-2600 HUDSON WAYCREWE, VIRGINIA

2300 - 2600 HUDSON WAY, CREWE, VIRGINIA TABLE OF CONTENTS

EXECUTIVE SUMMARY ........................................................................ 4

PROPERTY OVERVIEW ........................................................................ 6

LOCATION OVERVIEW ......................................................................... 15

Jones Lang LaSalle © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to Jones Lang LaSalle and shall be used solely for the purposes of evaluating this proposal. All such documentation and information remains the property of Jones Lang LaSalle and shall be kept confidential. Reproduction of any part of this document is authorized only to the extent necessary for its evaluation. It is not to be shown to any third party without the prior written authorization of Jones Lang LaSalle. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof.

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JLL has been retained by the owner of 2300 - 2600 Hudson Way as its exclusive advisor. We are pleased to offer the opportunity to acquire this 97,370 square foot warehouse and manufacturing facility (of which 88,200 square feet is fully enclosed and 9,170 square feet is partially enclosed) and 900,00 board feet of lumber drying kilns that are situated on approximately 47.6 acres in Nottaway County, Virginia (the “Property”).

The Property is currently used for solid and engineered hardwood flooring manufacturing and contains a hardwood lumber processing facility capable of producing kiln dried, ripped and surfaced lumber. With nine kilns located on the premises, all wood is properly dried and conditioned on site to streamline the manufacturing process.

Included in the sale is the raw land with improvements along with the buildings and the personal property. This includes the entire flooring manufacturing facility, a lumber processing facility with a dry kiln operation, a planer mill and ripping operation, rolling stock (titled and non-titled) and maintenance, supplies / related accessories.

OFFERING TERMS

EXECUTIVE SUMMARY

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The Property is located in Nottoway County, directly outside of Crewe, Virginia. The facility is currently being used as a specialty hardwood flooring manufacturing facility. Due to the terms of sale, the recommended future uses of this facility are either continuing its current use or for lumber drying and processing, hardwood flooring manufacturing or moulding manufacturing. Not only is the Property easily accessible by US 360, US 460, US-1, I-85 and I-95; it is also directly connected to a rail spur off of the Norfolk Southern Main Line.

INTRODUCTION

Main Manufacturing Building

Shipping/Receiving Building

The Shed

Planer MillThe Boiler RoomStacker Room

The Kilns Electrical/Maintenance Building Rail Spur

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BUILDING OVERVIEW

Address 2300-2600 Hudson Way, Crewe, VA (Crewe Industrial Park)

Property type Specialty hardwood flooring manufacturing facility

Zoning Commercial / institutional

Acreage 47.6

ConstructionMajority of the facilities feature all-steel construction, concrete slab to grade floors, and lighting consisting of metal halide fixtures, sky lights, and some florescent fixtures.

Power 2,000 amp 480 V 3 phase & 800 amp 480 V 3 phase

HVACThe warehouse space is not conditioned, but the office space is fully conditioned throughout the property

Portfolio overview

The property consists of a facility to plan and rip pine or hardwood lumber. Additionally, a waste fired steam boiler system for dry kilns, dry kilns, a planning mill, custom grade and sort systems, and all associated real estate, equipment and rolling stock are also included.

PROPERTY OVERVIEW

• Specialty hardwood flooring and manufacturing facility with all associated real estate, equipment, and rolling stock for sale, Including, but not limited to:• The real estate outlined on the following pages• Current building systems• Nine (9) kilns rated 100 MBF each using two (2) dual pump water recirculation systems• Chem Aqua water treatment system• Multi-gang rip area and associated equipment• Rip/chop and resaw area and associated equipment• Moulders and associated equipment• Wood waste system• Dust collection system (including silo)• Lumber stacker• Veneer sawing area and associated equipment• Small defecting station and associated equipment• IBC Tally station and associated equipment• Air compressors• Defecting and end matching line and associated equipment• Tooling and prep room with associated equipment and knife sharpener• Rolling stock

• Immediate access US 460 with the US 460 and US 360 intersection nearby • Interstate access: 42 miles from I-95 and 28 miles from I-85• Port access: easy access via rail or highway to major ports including the Richmond Marine

Terminals (58 miles away), Portsmouth Marine Terminals (122 miles away) and the Virginia International Gateway (124 miles away)

• Railroad access: a rail spur is attached to the Property• Located within Crewe Industrial Park along with Wilkerson Aircraft Tires, Colonial Forest

Products, and Hudson Industries

PROPERTY FEATURES PROPERTY DESCRIPTION

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SITE PLAN

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MAIN MANUFACTURING BUILDING (WAREHOUSE AREA)

Square footage60,000 s.f.(6,000 s.f. office, 900 s.f. file room, 900 s.f. maintenance shop included)

Floor Concrete floor - 8” - 12” thick poured on monilithic slab

Ceiling height 20’ eave height

Construction All steel construction

Loading (3) 22’ x 16’ doors

Power 220 / 440 V

Sprinkler Dry sprinkler system

Lighting Metal halide fixtures and sky lights

HVAC The office space is fully conditioned, the warehouse is not

Other 2 exhaust fans, connected to dust collection system

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MAIN MANUFACTURING BUILDING (OFFICE / WORK SHOP / TOOL ROOM)

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THE SHED

ELECTRICAL / MAINTENANCE BUILDING

Square footage 3,000 s.f.

Floor Concrete slab to grade


Construction Steel frame with metal skin roof

Loading No doors, but only enclosed on three sides

Power 800 amp 480 V 3 phase

Sprinkler None

Lighting Metal halide fixtures





Loading (1) 20’ x 20’ door

Power 2,000 amp 480 V 3 phase

Sprinkler None


HVAC None

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SHIPPING AND RECEIVING BUILDING

Square footage 12,000 s.f. enclosed space (including 1,125 s.f. of office/ workshop space) with 3,500 s.f. open floor canopy




Loading (3) 22’ x 16’ doors


Sprinkler None

Lighting Metal halide fixtures, sky lights, and 8’ florescent fixtures in the office space

HVAC The office space is fully conditioned, the warehouse is not

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PLANER MILL

Square footage 12,000 s.f. enclosed space and 750 s.f. open porch canopy




Loading (3) 22 x 16 doors


Sprinkler None

Lighting 4’ and 8’ florescent fixtures throughout

Other Connected to dust collection system

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Square footage 12,000 s.f. enclosed space and 750 s.f. open porch canopy




Loading (3) 22 x 16 doors


Sprinkler None

Lighting 4’ and 8’ florescent fixtures throughout

Other Connected to dust collection system

STACKER BUILDING

BOILER BUILDING





Loading No doors, but an 18’ x 12’ entrance and exit exists


Sprinkler None






Loading (3) 8’ x 12’ doors and (1) 12’ x 15’ door


Sprinkler None


HVAC The office is equipped with AC

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KILNS

Conveniently located on site are 9 kilns rated at 100 MBF each supported by two Hurst dual pump water recirculation systems and boilers. The boiler system is a waste powered steam boiler system that uses the sawdust stored in the silo for power.

15LOCATION OVERVIEW

Located in Central Virginia, Nottoway county is a popular area for businesses with a focus on manufacturing due to its location. Approximately 50% of the nation’s population and approximately 55% of the nation’s manufacturing activity are within a 500 miles radius of the county, which translates to less than a days drive. It also maintains easy access to global export through nearby ports.

NOTTOWAY COUNTY, VIRGINIA

EMPLOYMENTThe total civilian workforce in the labor market area (within 25 miles of the facility) is comprised of approximately 254,524 individuals. The current unemployment rate of 4.04% is slightly below the national average of 4.90%.

TRANSPORTATION The Property is conveniently located at the intersection of US 460 and US 360. It is also approximately 42 miles from I-95, 28 miles from I-85, and 20 miles from US 15. This location along with the rail spur serving the property allow for the seamless national transportation of goods. With multiple nearby ports easily accessible by both rail and major highway, including the Richmond Marine Terminals (58 miles away), Portsmouth Marine Terminals (122 miles away) and the Virginia International Gateway (124 miles away); this location is also ideal for global export.

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LOCATION

PLACE HOLDER

Charlie PolkManaging Director +1 804 200 6419 [email protected]

Danny Holly Vice President +1 804 200 6417 [email protected]

Documents

AVAILABLE FOR SALE - JLL Property river lumber om_8859384.pdf · All such documentation and information remains the property . ... Portfolio overview The property consists of a facility