**Update 7/7/2020** Project adjusted existing building needs from 350,000-450,000 sq ft, minimum of 250,000 sq ft to 500-600,000 sq ft, minimum of 450,000 sq ft
**Originally qualified 2019-12-10. Project moving forward and re-qualified 6/19/20.** An independent corrugated packaging producer is looking to better serve their Midwest customers. They want to quickly ship along major highways to the West coast. Specs and details on the project: -Property type: Industrial – Manufacturing/Warehouse/Distribution -Facility need: Ideal size 350,000-450,000 sq ft, minimum of 250,000 sq ft. -36′-40′ ft high ceilings -10 shipping doors (ideal) Will not use over 20 shipping doors. -Facility will be storing roll stock -200 new employees
CAPITAL INVESTMENT
$52 million.
$27 million new equipment
$3 to $5 million TI
$20 million for BTS options
(Will consider Lease Buy Back options)
PAYROLL
$16-20/hr range +benefits -Employment types: general manager, operators, controllers, maintenance mechanics, office staff -Office staff: $30-35/hour x 10 people -No salary position will pay under $50,000