46
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$3,150,000
Est. payment /mo
3,340 SqFt
Active
2800 Horner CT Fairbanks, AK 99709
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UPDATED:
09/09/2024 03:57 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,340 sqft
Price per Sqft $943
MLS Listing ID 24-10470
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Year Built 1994
Lot Size 2.873 Acres
Acres 2.0
Property Description
Established truss manufacturing business with a proven 32 year track record and exceptional financials. Fairbanks Truss, Inc. is certified with the SBCA In-Plant Wood Truss QC Program. Comprehensive prospectus, including P&Ls, balance sheets and other reports available to qualified buyers after signing NDA. NDA Request in Documents. Business Overview available in Supplement. Fairbanks Truss, Inc., a respected and long-standing truss manufacturing business, has been a cornerstone of the Fairbanks community for over 32 years. Established in 1992, this well-established company has earned a reputation for excellence in custom truss production, catering to the unique needs of the local market.
Located on a prime 2.87-acre lot with more than 200 feet of Chena River frontage, the business enjoys a central position within light industrial zoning, fully compliant with all relevant regulations. The facility itself is well-equipped, featuring a 3,040 square foot warehouse and truss plant, along with a 300 square foot office. The infrastructure includes oil radiant floor heat, a durable metal roof and siding, 3-phase electric power, a fenced lot, and a 22' x 13' hangar bifold door. Importantly, the site and facility offer significant growth potential, with the capacity to accommodate 2 to 3 times more production, presenting an excellent opportunity for expansion.
Fairbanks Truss, Inc. operates seasonally, from April 1 through October 31, with a primary focus on custom truss orders. The business runs on a schedule of Monday to Friday, 8 AM to 5 PM, though it remains flexible during peak periods. Orders are typically delivered within a 3 to 4-week timeframe, reflecting the company's commitment to efficiency and customer satisfaction.
The business holds a strong position in the Fairbanks market, driven by its competitive edge in custom orders and reliable delivery times. Over the years, Fairbanks Truss, Inc. has demonstrated consistent growth in its net operating income, with profit margins steadily increasing46.5% in 2023, up from 41.5% in 2022 and 30.9% in 2021. The business is conservatively valued using a high cap rate, reflecting a prudent approach to valuation. Financing options include cash or owner financing for buyers who can provide a down payment that covers real estate, equipment, and current inventory, estimated at $1.1 million. While traditional bank financing may be challenging due to the tangible to intangible asset ratio, it remains an option for consideration.
For those interested in this exceptional business opportunity, a comprehensive prospectus, including detailed financial information, will be made available to qualified buyers who sign a Non-Disclosure Agreement (NDA). Serious inquiries only are invited, ensuring that the information is shared with parties committed to exploring this profitable and well-positioned enterprise.
Located on a prime 2.87-acre lot with more than 200 feet of Chena River frontage, the business enjoys a central position within light industrial zoning, fully compliant with all relevant regulations. The facility itself is well-equipped, featuring a 3,040 square foot warehouse and truss plant, along with a 300 square foot office. The infrastructure includes oil radiant floor heat, a durable metal roof and siding, 3-phase electric power, a fenced lot, and a 22' x 13' hangar bifold door. Importantly, the site and facility offer significant growth potential, with the capacity to accommodate 2 to 3 times more production, presenting an excellent opportunity for expansion.
Fairbanks Truss, Inc. operates seasonally, from April 1 through October 31, with a primary focus on custom truss orders. The business runs on a schedule of Monday to Friday, 8 AM to 5 PM, though it remains flexible during peak periods. Orders are typically delivered within a 3 to 4-week timeframe, reflecting the company's commitment to efficiency and customer satisfaction.
The business holds a strong position in the Fairbanks market, driven by its competitive edge in custom orders and reliable delivery times. Over the years, Fairbanks Truss, Inc. has demonstrated consistent growth in its net operating income, with profit margins steadily increasing46.5% in 2023, up from 41.5% in 2022 and 30.9% in 2021. The business is conservatively valued using a high cap rate, reflecting a prudent approach to valuation. Financing options include cash or owner financing for buyers who can provide a down payment that covers real estate, equipment, and current inventory, estimated at $1.1 million. While traditional bank financing may be challenging due to the tangible to intangible asset ratio, it remains an option for consideration.
For those interested in this exceptional business opportunity, a comprehensive prospectus, including detailed financial information, will be made available to qualified buyers who sign a Non-Disclosure Agreement (NDA). Serious inquiries only are invited, ensuring that the information is shared with parties committed to exploring this profitable and well-positioned enterprise.
Location
State AK
Area 710 - North Fairbanks
Zoning LI - Light Industrial
Direction Johansen Expy , S on Peger Road, R on Phillips Field Road, L on Horner Ct to Property.
Interior
Heating Oil, Radiant
Flooring Slab
Exterior
Water Access Desc None
View Territorial
Roof Type Metal
Accessibility , Gravel, Maintained
Building
Foundation Poured Concrete, Slab
Lot Size Range 2.0
Water None
New Construction No
Construction Status Existing Structure
Others
Tax ID 536288
Acceptable Financing Cash, Owner Finance
Listing Terms Cash, Owner Finance
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Listed by Russo Realty
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