FOR SALE – Commercial Property · Global and Nationally Traded Tenant, Ticker: MSA (NYSE)...

FOR SALE – Commercial Property

34 Clark St Saint Pauls, NC

5509 Yadkin Rd 910-867-2116 Office Fayetteville, NC 28303 910-867-6011 Fax

This information has been obtained from sources believed to be reliable, but RE/MAX Homeowners makes no representations of warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Offered By:

James Sherrill Broker/Owner, CRS,GRI,SFR 910-263-0870 (cell)

[email protected] www.CommercialFayetteville.com





General Summary RE/MAX Homeowners is pleased to present this 144,000sf Industrial Facility located in Saint Pauls, NC. This facility has a global tenant, MSA, specializing in manufacturing safety products. MSA purchased Paraclete Armor which was already established at this location and has continued to prosper with that acquisition. Both Paraclete Armor and MSA have invested millions to upfit the facility to better accommodate their DoD contracts and products. Surrounding area consists of residential subdivisions with some smaller retail strip centers and restaurants. Sale Price: $1,600,000 Land Available: 12.37 +/- acres Facility Size: 144,000sf Nearest MSA: Fayetteville Location: Saint Pauls County: Robeson Tax ID / APN: 381601001 Annual Lease: $189,000 (monthly of $15,750) Lease Term: NNN, 3 yr renewals (last renewed Aug 31, 2009) Cap Rate: 11.28% Zoning I20 Light Industrial

Highlights

Global and Nationally Traded Tenant, Ticker: MSA (NYSE) Paraclete Armor established in 1998, MSA acquired in 2006, MSA leased facility

after business acquisition to remain close to Ft Bragg and DoD contracts Base Realignment bringing Force Command from Atlanta, GA to Ft Bragg

beginning Oct 10 and completing move in Sept 11. This group consists of the General Officers that make decisions and write the checks for the Army.

1.5 miles from I95 and 20 miles south of Fayetteville/Ft Bragg





Location Map

Location Map (detailed)

SITE





PIN # 381601001 2009 Tax Value: $1,071,400 2009 Tax Amount: $8,571.20





Ground Level Views





Includes 6 additional lots with sale of Warehouse/Office. (Buyer could then sell separately or partner with local builder and develop lots)

1.01 acre 1.03 acre

.21 acre .27 acre

.16 acre .24 acre





About the Tenant: MSA (Mine Safety Appliances) Established in 1914, MSA is the world's leading manufacturer of safety products designed to protect people throughout the world. Many MSA products, while simple to use and maintain, are sophisticated in design in that they typically integrate any combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. With headquarters located in Pittsburgh, Pennsylvania, MSA employs approximately 5,000 associates and maintains operations that extend around the world. These resources include manufacturing operations on five continents, major R&D centers in the U.S, Germany and China, and more than 40 international locations that help protect lives in more than 140 countries. A publicly held company, MSA's stock is traded over the NYSE exchange under the symbol MSA. The company has annual revenues of approximately $1 billion and has achieved record growth in revenue in 9 of the past 10 years.

MSA Products

Through MSA’s three business segments - MSA North America, MSA Europe and MSA International - the company provides a comprehensive line of products used by workers in the fire service, law enforcement, construction, oil and gas, chemical and other industries, as well as the military. MSA also provides a broad offering of consumer and contractor safety products, which are available through select home center retail outlets under the MSA Safety Works brand. Our products include:

Air-Purifying Respirators Supplied-Air Respirators Portable and Permanent Gas Detection Instruments Thermal Imaging Cameras Fire Helmets Body Armor Head, Eye, Face and Hearing Protection Fall Protection Mining and Specialty Products

Websites: MSA www.msanet.com Paraclete Armor www.paracletearmor.com

FROM: MSA (Mine Safety Appliances Company) Ticker: MSA (NYSE) Contact: Mark Deasy – (412) 967-3357

For Immediate Release

MSA Expands Body Armor Line with Acquisition North Carolina Company Provides New Opportunities for Growth in Military and Law

Enforcement Markets

PITTSBURGH, September 7, 2006 – MSA (NYSE: MSA) today announced it has

purchased Paraclete Armor and Equipment, Inc. of St. Pauls, N.C., a rapidly growing innovator

and developer of advanced ballistic body armor used by military personnel, including Special

Forces units of the U.S. military. Paraclete Armor, which employs approximately 200 people

and had annual revenues of $16 million in 2005, will continue to operate from its North Carolina

base of operations. The purchase price was $30 million.

The acquisition, according to John T. Ryan III, MSA chairman and CEO, immediately

enhances MSA's existing line of ballistic body armor products and strategically positions the

company to seek out new sales opportunities in both the military and law enforcement markets.

“This acquisition augments and accelerates our long-term growth strategy to provide a

broad range of ballistic protective equipment to the military and law enforcement markets,” Mr.

Ryan said. “Paraclete is a premium name in body armor and has excelled in developing

technologically advanced equipment that meets the demanding needs of forward force

members of the military. With Paraclete now part of MSA, we’re better positioned to offer our

military customers and law enforcement agencies the very best in ballistic body armor.”

(more)

2

Paraclete Armor and Equipment was founded in 1998 by Tim D’Annunzio, a former

member of the elite U.S. Army parachute team, The Golden Knights. With first-hand knowledge

of soldier needs and preferences in ballistic protection, Mr. D’Annunzio’s efforts have focused

on developing tactical vests and load bearing equipment that allow users to more efficiently and

safely carry weapons, communications, medical and safety equipment. The company currently

holds multiple patents on various vest designs, including a unique cut-a-way vest system that

enables the vest to be removed by the wearer in seconds.

The company’s most recent product development – the AV2007 Tactical Body Armor

System – represents the next generation of advanced body armor. The vest features a modular

design that allows 23 vest configurations, enabling users to tailor the degree of protection based

on specific mission or task requirements. The vest employs state-of-art materials for enhanced

protection against fragmentation and small arms projectiles.

Established in 1914, MSA is a global leader in the development, manufacture and supply of sophisticated safety products that protect people's health and safety. Sophisticated safety products typically integrate any combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive line of products is used by workers around the world in the fire service, homeland security, construction and other industries, as well as the military. Principal products include self-contained breathing apparatus, gas masks, gas detection instruments, head protection, respirators, thermal imaging cameras and ballistic body armor. The company also provides a broad range of consumer and contractor safety products through retail channels. These products are marketed and sold under the MSA Safety Works brand. MSA has annual sales of more than $900 million, manufacturing operations throughout the world, and more than 30 international locations. Additional information is available on the company’s Web site at www.msanet.com.

Paraclete Armor and Equipment, Inc., whose products have been, as its motto states, Proven Under Fire in Afghanistan and Iraq, leads the industry in high quality protective equipment and tactical gear systems. The Releasable Assault Vest (RAV), a Paraclete original design patented in 2004, has greatly enhanced the survivability of the modern soldier in training and combat environments.

# # #

http://www.msanet.com/





Fort Bragg, BRAC Regional Task Force (information provided by www.bracrtf.com)

Over the next several years, the move of U.S. Forces Command (FORSCOM) and U.S. Army Reserve Command (USARC) to Fort Bragg offers a significant catalyst to increase state and regional economic growth especially in the military preparedness and homeland security sectors.

FORSCOM has a $30 billion annual obligation authority for defense and other contracts and provides unmatched opportunities for enterprising businesses who want to compete for these dollars. As a result, many defense-related companies have made the move or are in the planning stage to relocate to the Fort Bragg region.

Regional economic developers agree that this economic transformation should be regional in nature and have identified the BRAC RTF as the lead organization to coordinate these efforts from a regional perspective. Greenfield Associates was hired to market the region to national defense firms. Hundreds of companies have been contacted and response has been very favorable with many companies indicating they are considering a move to our region. However, a primary concern from these companies is the lack of a skilled labor force from which to draw potential employees.

To remedy the workforce concern, the BRAC RTF applied for and was awarded a U.S. Department of Labor grant for $5 million in July 2007, to create a workforce innovation center – one that will focus on the development of a skilled workforce specific to defense industry needs. The BRAC RTF opened the All American Center for Defense Innovation in June 2008 at Fayetteville Technical Community College. The Center will virtually and physically connect the region’s workforce, economic, and educational assets with other regional assets and partners to create a synergy of effort and resources.

BRAC RTF has worked in conjunction with state agencies to develop a state-focused, regionally-coordinated response to the potential influx of defense businesses. Partnerships with the governor’s office, N.C. Department of Commerce, N.C. Military Foundation, and North Carolina Military Business Center, Defense and Security Technology Accelerator (DSTA) and others are crucial to take advantage of a tremendous opportunity for the entire state -- an emerging defense industry in North Carolina.

A major effort was launched last fall to position the state’s military bases, research centers, universities and other resources in a designated region to attract defense companies. N.C. Lt. Governor Perdue announced the establishment of the All American Defense Corridor in October 2007 to emphasize the strengths associated with the research and development capabilities at RTP and the UNC system; defense industry partners; military requirements; homeland security; and non-defense related growth.





Establishing a defense and homeland security industry sector, raising the bar for workforce transformation, and integrating regional planning are necessary components for a strong and sustainable future in the Fort Bragg region. Regional economic development, education and training for our displaced workers and youth, and preserving a green infrastructure will ensure both sustainability and security for the region in the decades ahead.

Mission growth and the FORSCOM/USARC move to Fort Bragg are catalysts to attract defense related industries in key areas such as homeland security and military preparedness to the region.

BRAC and other transformational growth at Fort Bragg enhance regional economic opportunities. Overall growth results in:

o Increased opportunities for additional prime contracts, partnerships, subcontracts, suppliers, and defense related companies

o Increased business from in and out of state o Increased office and warehouse space for contractors

Aggressive planning leads to significant regional defense related economic development in high tech and investment in R&D

Current Initiatives:

Regional marketing plan o An All American Defense Corridor brochure and DVD have been produced to

market the region to defense companies. A new BRAC RTF Web site has been launched to market the needs of businesses and newcomers to the region.

Region marketed at Oct. 2008 AUSA Annual Trade Show in Washington DC. Other trade shows will be considered for 2009.

Branding/naming of region under development to attract defense companies to boost regional economy

o Lt. Governor announced the establishment of the All American Defense Corridor in Oct. 2007.

Recruit national defense companies to Fort Bragg region o Greenfield Economic Developers (Wilmington) hired to contact and recruit

defense companies Hundreds of companies already contacted

Strategic planning underway with N.C. Department of Commerce, other state agencies and the N.C. Military Foundation to create a roadmap for building a vibrant defense industry in NC.





The military economic impact on Fayetteville/Cumberland County is enormous, being in excess of $6 billion in 2004. Cumberland County understands this, and works together with Fort Bragg to insure the installation gets what it needs to be able to meet its mission.

Executive SummaryPrepared By STDBonline

©2010 ESRI 8/07/2010 Page 1 of 2

34 E Clark St, St Pauls, NC ... Latitude: 34.801803

Longitude: -78.971368Ring: 1, 3, 5 Miles

1 mile radius 3 miles radius 5 miles radius

2010 Population Total Population 2,902 5,867 10,334 Male Population 50.3% 50.2% 50.6% Female Population 49.7% 49.8% 49.4% Median Age 36.2 36.1 35.3

2010 Income Median HH Income $28,694 $28,241 $33,288 Per Capita Income $14,729 $13,984 $14,557 Average HH Income $38,849 $38,108 $40,486

2010 Households Total Households 1,096 2,175 3,668 Average Household Size 2.60 2.66 2.79

2010 Housing Owner Occupied Housing Units 55.6% 59.5% 64.6% Renter Occupied Housing Units 31.2% 28.2% 24.0% Vacant Housing Units 13.2% 12.3% 11.4%

Population 1990 Population 2,626 4,774 7,489 2000 Population 2,719 5,401 9,343 2010 Population 2,902 5,867 10,334 2015 Population 2,955 6,083 10,845 1990-2000 Annual Rate 0.35% 1.24% 2.24% 2000-2010 Annual Rate 0.64% 0.81% 0.99% 2010-2015 Annual Rate 0.36% 0.73% 0.97%

In the identified market area, the current year population is 10,334. In 2000, the Census count in the market area was 9,343. The rate of change since 2000 was 0.99 percent annually. The five-year projection for the population in the market area is 10,845, representing a change of 0.97 percent annually from 2010 to 2015. Currently, the population is 50.6 percent male and 49.4 percent female.

Households 1990 Households 1,008 1,788 2,671 2000 Households 1,045 2,030 3,347 2010 Households 1,096 2,175 3,668 2015 Households 1,116 2,252 3,850 1990-2000 Annual Rate 0.36% 1.28% 2.28% 2000-2010 Annual Rate 0.47% 0.68% 0.9% 2010-2015 Annual Rate 0.36% 0.7% 0.97%

The household count in this market area has changed from 3,347 in 2000 to 3,668 in the current year, a change of 0.9 percent annually. The five-year projection of households is 3,850, a change of 0.97 percent annually from the current year total. Average household size is currently 2.79, compared to 2.76 in the year 2000. The number of families in the current year is 2,630 in the market area.

Housing

Currently, 64.6 percent of the 4,138 housing units in the market area are owner occupied; 24.0 percent, renter occupied; and 11.4 percent are vacant. In 2000, there were 3,647 housing units - 66.9 percent owner occupied, 24.8 percent renter occupied and 8.3 percent vacant. The rate of change in housing units since 2000 is 1.24 percent. Median home value in the market area is $94,623, compared to a median home value of $157,913 for the U.S. In five years, median home value is projected to change by 5.45 percent annually to $123,389. From 2000 to the current year, median home value changed by 4.9 percent annually.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015. ESRI converted 1990 Census data into 2000 geography.

Executive SummaryPrepared By STDBonline

©2010 ESRI 8/07/2010 Page 2 of 2

34 E Clark St, St Pauls, NC ... Latitude: 34.801803

Longitude: -78.971368Ring: 1, 3, 5 Miles

1 mile radius 3 miles radius 5 miles radius

Median Household Income 1990 Median HH Income $16,735 $17,349 $18,671 2000 Median HH Income $23,604 $22,889 $25,563 2010 Median HH Income $28,694 $28,241 $33,288 2015 Median HH Income $34,116 $33,765 $39,218 1990-2000 Annual Rate 3.5% 2.81% 3.19% 2000-2010 Annual Rate 1.92% 2.07% 2.61% 2010-2015 Annual Rate 3.52% 3.64% 3.33%

Per Capita Income 1990 Per Capita Income $8,482 $8,562 $8,489 2000 Per Capita Income $12,006 $11,408 $11,720 2010 Per Capita Income $14,729 $13,984 $14,557 2015 Per Capita Income $16,435 $15,612 $16,172 1990-2000 Annual Rate 3.54% 2.91% 3.28% 2000-2010 Annual Rate 2.01% 2.01% 2.14% 2010-2015 Annual Rate 2.22% 2.23% 2.13%

Average Household Income 1990 Average Household Income $22,385 $23,324 $23,689 2000 Average Household Income $31,956 $31,574 $32,874 2010 Average HH Income $38,849 $38,108 $40,486 2015 Average HH Income $43,331 $42,594 $44,978 1990-2000 Annual Rate 3.62% 3.07% 3.33% 2000-2010 Annual Rate 1.92% 1.85% 2.05% 2010-2015 Annual Rate 2.21% 2.25% 2.13%

Households by IncomeCurrent median household income is $33,288 in the market area, compared to $54,442 for all U.S. households. Median household income is projected to be $39,218 in five years. In 2000, median household income was $25,563, compared to $18,671 in 1990.

Current average household income is $40,486 in this market area, compared to $70,173 for all U.S. households. Average household income is projected to be $44,978 in five years. In 2000, average household income was $32,874, compared to $23,689 in 1990.

Current per capita income is $14,557 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is projected to be $16,172 in five years. In 2000, the per capita income was $11,720, compared to $8,489 in 1990.

Population by Employment Currently, 85.8 percent of the civilian labor force in the identified market area is employed and 14.2 percent are unemployed. In comparison, 89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market area will be 88.5 percent of the civilian labor force, and unemployment will be 11.5 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 58.5 percent of the population aged 16 years or older in the market area participated in the labor force, and 0.2 percent were in the Armed Forces.

In the current year, the occupational distribution of the employed population is:

37.0 percent in white collar jobs (compared to 61.6 percent of U.S. employment)•15.2 percent in service jobs (compared to 17.3 percent of U.S. employment)•47.8 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)•

In 2000, 67.7 percent of the market area population drove alone to work, and 0.9 percent worked at home. The average travel time to work in 2000 was 27.3 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by EducationIn 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:

32.0 percent had not earned a high school diploma (14.8 percent in the U.S.)•35.1 percent were high school graduates only (29.6 percent in the U.S.)•7.9 percent had completed an Associate degree (7.7 percent in the U.S.)•6.2 percent had a Bachelor's degree (17.7 percent in the U.S.)•3.1 percent had earned a Master's/Professional/Doctorate Degree (10.4 percent in the U.S.)•

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2010 and 2015. ESRI converted 1990 Census data into 2000 geography.





Resource Sites for Researching Local Areas

Economic Development Fayetteville NC – Web Portal – Business and Visitors http://www.fayettevillenc.net Fayetteville Welcome Site http://www.visitfayettevillenc.com Fayetteville Chamber of Commerce http://www.fayettevillencchamber.org Fayetteville Downtown Alliance http://www.fayettevillealliance.com North Carolina Tourism http://www.visitnc.com Government The City of Fayetteville – Official Site http://www.ci.fayetteville.nc.us Town of Hope Mills http://www.townofhopemills.com/main Town of Spring Lake http://www.spring-lake.org Cumberland County http://www.co.cumberland.nc.us Harnett County http://www.harnett.org Hoke County http://www.hoke-raeford.com Robeson County http://www.co.robeson.nc.us Lee County http://www.leecountync.gov Moore County http://www.co.moore.nc.us Sampson County http://www.sampsonnc.com Bladen County http://www.bladeninfo.org Register of Deeds Cumberland County Register of Deeds http://www.ccrod.org Harnett County Register of Deeds http://www.harnett.org/deeds Hoke County Register of Deeds http://www.hokencrod.org Robeson County Register of Deeds http://rod.co.robeson.nc.us Lee County Register of Deeds http://www.leencrod.org Moore County Register of Deeds http://rod.moorecountync.gov Sampson County Register of Deeds http://www.sampsonrod.org Bladen County Register of Deeds http://bladenrod.withersravenel.com County Tax Records Cumberland County Tax Records http://mainfr.co.cumberland.nc.us Harnett County Tax Records http://www.harnett.org/tax/default.asp Hoke County Tax Records http://www.hokecounty.org/taxoffice.htm Robeson County Tax Records http://www.co.robeson.nc.us/tax.htm Lee County Tax Records http://www.leecountync.gov/departments/tax/default.html Moore County Tax Records http://www.moorecountync.gov/main/page.asp?rec=/pages/Taxapp/index.asp Sampson County Tax Records http://www.sampsonnc.com/taxadmin.asp Bladen County Tax Records http://www.bladeninfo.net/departments/revenue





Mapping Cumberland County Planning and Addressing http://expo.co.cumberland.nc.us Cumberland County Community GIS http://152.31.99.8 Harnett Counnty GIS http://www.harnett.org/gis Hoke County GIS http://gis.hokecounty.org/ Robeson County GIS http://www.co.robeson.nc.us/taxgis.htm Lee County GIS http://lee.connectgis.com Moore County GIS www.moorecountync.gov/pages/planning/PlanGIS/index.html Sampson County GIS http://http://gis.sampsonnc.com/Disclaimer.aspx?ReturnUrl=%2fDefault.aspx Bladen County GIS http://http://bladen.connectgis.com NC Floodplain Mapping www.ncfloodmaps.com Federal Emergency Management Agency (FEMA) www.fema.gov NC Zip Code Search http://http://northcarolina.hometownlocator.com/zip-codes/counties.cfm Utilities Public Works Commission – Power, Water, Sewer http://www.faypwc.com Progress Energy - Power http://www.progress-energy.com South River Electric - Power http://www.sremc.com Lumbee River Electric – Power http://www.lremc.coop Schools Cumberland County School Search – By Your Address http://www.planning.ccs.k12.nc.us/LocateSchool.htm Cumberland County Schools http://www.ccs.k12.nc.us Fayetteville Technical Community College http://www.faytechcc.edu Fayetteville State University http://www.uncfsu.edu Methodist University http://www.methodist.edu Military Base Fort Bragg http://www.bragg.army.mil Base Realignment (BRAC) http://www.bracrtf.com Art/Museums/Events Airborne and Special Operations Museum http://www.asomf.org Fayetteville Museum of Art http://www.fayettevillemuseumart.org Fayetteville Arts Council http://www.theartscouncil.com Fascinate-U Children’s Museum http://www.fascinate-u.com Sports Fayetteville Guard – NIFL Football http://www.fayettevilleguard.com Fayetteville Swamp Dogs – CPL Baseball http://goswampdogs.com Cape Fear FireAntz – ACHL Hockey http://www.fireantzhockey.com Miscellaneous Cumberland County Public Library http://www.cumberland.lib.nc.us Crown Coliseum http://www.crowncoliseum.com Fayetteville Regional Airport http://flyfay.ci.fayetteville.nc.us Cape Fear Botanical Gardens http://www.capefearbg.org

FOR SALE – Commercial Property · Global and Nationally Traded Tenant, Ticker: MSA (NYSE)...

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Transcript of FOR SALE – Commercial Property · Global and Nationally Traded Tenant, Ticker: MSA (NYSE)...