Ascension Advisory advised The Sack Company on the structuring and execution of a sale leaseback of a three-property industrial portfolio totaling 52,504 square feet across Georgia and South Carolina.
The transaction enabled The Sack Company to unlock capital tied up in its owned real estate while maintaining full operational control of facilities that are critical to the company’s operations throughout the Southeast.
Proceeds from the sale leaseback were redeployed into the business to support continued growth and operational investment.
Objective:
Ascension Advisory identified an opportunity for The Sack Company to monetize its real estate while preserving operational continuity of several key operating facilities.
The portfolio’s importance to the company’s day-to-day operations, combined with a long operating history, strong tenant credit profile, and a new long-term lease structure with annual rent escalations, generated strong investor interest.
Industrial assets in high-growth Southeast markets such as Georgia and South Carolina continue to attract significant investor demand due to favorable population growth, expanding infrastructure, and strong industrial fundamentals.
Solution:
Ascension Advisory structured and managed a competitive investor process, highlighting:
The mission-critical nature of the facilities to The Sack Company’s operations
The strength of the corporate guarantor supporting the lease
The long-term absolute NNN lease structure with annual rent escalations
The strategic Southeast locations supporting the tenant’s regional operations
Ascension Advisory coordinated the marketing process, investor engagement, due diligence, and negotiation of transaction terms, ensuring a smooth and efficient closing process.
Outcome:
Through the sale leaseback transaction, The Sack Company was able to:
Generate capital from owned real estate assets
Maintain operational control of mission-critical facilities
Execute a long-term lease providing stability for both tenant and investor
Redeploy capital back into the business to support future growth
This transaction demonstrates how sale leasebacks can serve as an effective capital solution for companies seeking to enhance financial flexibility while maintaining control of critical operating facilities.