Tog Manufacturing | Recent Expansion and Lease Extension

1454 S State St, North Adams, MA 01247, USA
$7,066,800

Description

Marcus & Millichap is pleased to present for sale this Tog Manufacturing Facility located at 1454 S. State Street in North Adams, Massachusetts. This 43,350 Square Foot Mission Critical Facility is situated on a large 3.75 Acre parcel of land. In 2019, a significant expansion was completed to this facility and the tenant signed a new 10-Year lease (the tenant added 18,600 Square Feet – Almost doubling facility size).
TOG Manufacturing is a World-Class custom manufacturer of precision machined components, including fasteners, rotor studs, valves, valve stems, bushings and nitride parts. TOG manufactures precision components for the U.S. Defense Department for Naval Vessels and Submarines for both new construction of submarines and refurbishing of naval vessels. It also provides parts for The Power Generation for Off-Shore drilling and for Turbine Manufacturing as well as many other industries. TOG Manufacturing Precision Parts are used in gas and steam turbines. TOG’s engineers provide precision manufacturing from providing drawing product samples and engineering construction.
TOG Manufacturing Co. Inc. is part of the Stanley Black and Decker Family. TOG Manufacturing was founded in 2007 and the company’s line of business includes the manufacturing of miscellaneous metal products such as hardware. Stanley Black and Decker generates more than $14.5 Billion in Revenue Per Year and has more than 58,000 Employees in more than 60 Countries.
North Adams is a bustling city in the Northern Berkshires and is part of the Pittsfield Massachusetts Metropolitan Statistical Area with a population over 13,708 people. It is well known for the largest contemporary art museum in the United States the Massachusetts Museum of Contemporary Art. North Adams and the rest of the Berkshire Mountain cities have experienced a great revival in the past decade and has become a hotspot for Tourism and travel.

  • TOG Manufacturing is a World-Class Custom Manufacturer of Precision Machined Components, Including Fasteners, Rotor Studs, Valves, Valve Stems, Bushings and Nitride Parts.
  • TOG is a Subsidiary of Stanley Black and Decker which generates more than $14.5 Billion in Annual Revenue
  • Tenant Signed a New 10 Year Lease in 2019 as Part of an Expansion of Existing Property (Property Almost Doubled in Size) Showing Commitment to the Site
  • Mission Critical Facility with a Rare Long Term Net Lease
  • Features Easy Access with Multiple Points of Ingress and Egress and Located Directly Off Curran Highway
  • In Close Vicinity to this Property are Several Shopping Centers Including Stevens Plaza, Veterans Memorial Shopping Center, Colonial Shopping Center and Berkshire Crossing. Also nearby is a Walmart Super Center.

Property Documents

  • City: North Adams
  • Zip/Postal Code: 01247
  • Country: United States

Detail

  • Price: $7,066,800
  • Year Built: 2018

Additional details

  • CAP RATE: 6.00%
  • NOI: $424,008

Features

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