Star Equity unit to sell Colfax, WI property for $5.2M, lease it back 20 years

Star Equity Holdings, Inc.

106 Bremer Avenue, LLC, a Star Equity subsidiary, agreed to sell the 68,976-sq-ft Colfax, WI facility and ~10.76 acres to DWG Capital Partners for $5.2M.
Price reflects an 8.57% cap rate on $445,540 Year 1 base rent under a 20-year absolute triple-net lease with two 10-year renewal options.
Timber Technologies Solutions, Star's subsidiary and current occupant, will lease back the property; Star Equity will guarantee the lease obligations.
Closing targeted Q4 2026, subject to due diligence, financing, title/environmental review and lien releases; buyer can terminate before due diligence expires.
Tenant must post a $60,521.87 security deposit and pay first month's prorated rent at closing; no tax/expense proration due to triple-net structure.

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