New Blueprint Partners Expands with Key Wisconsin Acquisition
Deal News | Dec 27, 2024 | EIN
New Blueprint Partners (NBP), an investment firm specializing in industrial real estate, has acquired a 190,000-square-foot manufacturing facility in Oshkosh, Wisconsin, for $8.5 million. Situated at 606 East Murdock Avenue on 10.5 acres, this acquisition is NBP's strategic investment in the Fox Valley, a significant manufacturing hub with over 300 related businesses. The facility's tenant, Muza, is recognized for its continual technology upgrades, underscoring its long-term commitment to the site. This acquisition achieves an attractive capitalization rate of 8.92% and promises a cash yield exceeding 8%, with an anticipated gross IRR of 16% within five years. NBP's co-founder, Marc Esrig, highlights this venture as part of the firm's strategy to invest in high-performing properties within thriving industrial regions.
Sectors
- Real Estate
- Manufacturing
Geography
- United States – The acquisition takes place in Oshkosh, Wisconsin, United States.
- Wisconsin – The state where the strategic acquisition of a manufacturing facility occurred.
Industry
- Real Estate – The acquisition involves industrial real estate, a key part of NBP's investment strategy.
- Manufacturing – The facility is located in a manufacturing hub, highlighting the significance of the industry in the Fox Valley area.
Financials
- $8,500,000 – The purchase price for the manufacturing facility.
- 8.92% – The acquisition's purchase price capitalization rate.
- 8% – Exceeds anticipated cash yield.
- 16% – Expected gross internal rate of return (IRR) within five years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New Blueprint Partners | Bidding Company | Company | Investment firm specializing in industrial real estate. |
| Muza | Tenant | Company | Tenant known for continual technology upgrades at the Oshkosh facility. |
| Marc Esrig | Co-Founder | Person | Co-Founder of New Blueprint Partners. |