Casemer Tool & Machine Unlocks Growth Capital Through Sale Leaseback

Ascension Advisory is pleased to announce the successful completion of a sale leaseback transaction on behalf of Casemer Tool & Machine, a family-owned precision machining and manufacturing company headquartered in Oxford, Michigan.

Founded in 1979, Casemer has built a reputation as a trusted supplier of precision-machined components serving a diverse range of industries, including automotive, aerospace, defense, medical, government, power generation, steel mill, forging, crane, and off-road manufacturing. With more than four decades of operating history, the company has developed longstanding customer relationships and a reputation for quality, reliability, and technical expertise.

As part of its long-term growth strategy, Casemer sought to relocate into a larger facility, using a sale leaseback of the subject site to finance its move. The transaction was structured to generate capital as the company consolidated operations from two nearby locations into a larger headquarters and manufacturing facility.

Solution

Ascension Advisory structured and executed a sale leaseback of Casemer's new industrial manufacturing and headquarters facility in Oxford, Michigan.

The property consists of approximately 61,937 square feet situated on 4.71 acres within the Greater Detroit industrial market. Following the company's consolidation plans, the subject facility will serve as Casemer's new headquarters and primary production facility, providing the space needed to support the company's future growth and capacity expansion. As part of the relocation, Casemer will be moving all existing machinery and equipment, valued at over $11 million, into the subject property, including production equipment used for precision machining, milling, and metal fabrication.

Through a competitive marketing process and targeted investor outreach, Ascension secured a buyer that recognized both the quality of the real estate and the strength of Casemer's operating business. As part of the transaction, Casemer entered into a new long-term triple-net lease with annual rent escalations, allowing the company to secure occupancy of the facility while providing the investor with stable, long-term cash flow.

Outcome

The sale leaseback successfully unlocked significant capital, providing Casemer with additional funds to support its relocation efforts.

By consolidating operations into a larger facility, the company is well-positioned to accommodate increased production capacity and continue serving its diversified customer base across multiple end-markets.

For the real estate investor, the transaction provided the opportunity to acquire a strategically located industrial asset within the Greater Detroit manufacturing corridor, backed by a long-term lease with an established precision machining company possessing more than 40 years of operating history.

This transaction highlights how a properly structured sale leaseback can allow owner-operators to unlock capital, support growth initiatives, retain control of mission-critical real estate, and create a platform for long-term expansion.