Foxconn Development Opportunity

Transcription

1 Foxconn Development Opportunity Mount Pleasant, WI Q2 2018

2 FOXCONN WISCONSIN On October 4, 2017, after a six month process, Foxconn announced their intent to develop a 2,200 acre campus in Mount Pleasant, WI. Mount Pleasant is located east of I-94, approximately 10 miles north of the Illinois/Wisconsin border, 60 miles due north of Downtown Chicago and 25 miles south of Milwaukee. Both O Hare and General Mitchell Airport can be easily accessed via I-94. Other national companies with industrial facilities in SE Wisconsin include Amazon, Uline, Jelly Belly, HARIBO, InSinkerator, United Natural Foods, SEDA and Kerry Ingredients. The Mount Pleasant campus will house a 25M+SF manufacturing facility to primarily manufacturetheiphone.toputthesizeinperspective,thatislargerthan300football fields. The plant will have an estimated cost of $10 Billion and will employ 13,000 people within six years. Foxconn is anticipated to create another 22,000 jobs in Racine County. The State of Wisconsin has provided Foxconn with over $3 Billion subsidy and a combination of local incentives, utility upgrades, and road construction will add another $1.5 Billion to locate in SE Wisconsin. One of the primary drivers to be in Wisconsin in access to Chicago without entanglement in Illinois (and Chicago s) fiscal and governmental issues. Foxconn is excepted to have a $4.26 Billion supply chain with about 33% coming from Wisconsin. With over $1.4 Billion to be generated from new supply chain channels, suppliers and subcontractors will need new industrial facilities in close proximity to Foxconn from which to operate. It is anticipated Foxconn will have suppliers with most being from the local area. 2

3 ABOUT FOXCONN Foxconn Technology Group, is a Taiwanese multinational electronics contract manufacturing company headquartered in New Taipei, Taiwan. Foxconn is the world's largest contract electronics manufacturer and the fourth-largest information technology company by revenue. Ticker: TWSE: 2317 Revenue (2015): Operating Income (2015): Net Income (2015): Total Assets (2015): Total Equity (2015): Employees (2015): Subsidiaries: Website: $ Billion $988 Billion $4.46 Billion $70.10 Billion $30.60 Billion 1.3 million Sharp Corporation Smart Technologies FIH Mobile, Ltd 3

4 FOXCONN LOCATION MAP FOXCONN AREA 1 Main Facility FOXCONN AREA 2 Project Staging 4

5 INVESTMENT OPPORTUNITY Stack Real Estate, LLC controls eight parcels of land totaling over 331 acres. This land is all located less than 7 miles from the new Foxconn facility. K 94 Outparcels County V / Golf NWC Spring St/Green Bay Road 1033 S Highway Washington Louis Sorenson 3247 / 3531 County H 7414 Braun Road FOXCONN AREA 1 Main Facility FOXCONN AREA 2 Project Staging 5

6 MULTIFAMILY OPPORTUNITY Stack Real Estate, LLC also controls the largest, zoned and undeveloped multifamily parcel in Mount Pleasant. The property is a 6.5 mile, 12 minute drive in traffic. The site can accommodate >550 multifamily units. NWC Spring St/Green Bay Road 38 Acres FOXCONN AREA 1 Main Facility FOXCONN AREA 2 Staging 6

7 12721 LOUIS SORENSON Acres: Municipality: Zoning: Mount Pleasant Agricultural Louis Sorenson Acres Other: Located within Foxconn TIF District 2013 Master Plan suggests Industrial Use 0.65 Miles 7

8 3247 /3531 COUNTY HIGHWAY H Acres: Municipality: Zoning: Sturtevant Industrial 3247 / 3531 County H Other: Small Wetlands on site Adjacent Building has utilities FOXCONN AREA 1 Main Plant FOXCONN AREA 2 Project Staging 8

9 7414 BRAUN ROAD Acres: Municipality: Zoning: Other: Mount Pleasant Industrial Adjacent industrial park has utilities 7414 Braun Road 1.08 Miles FOXCONN AREA 2 Project Staging 9

10 SEC COUNTY HIGHWAY V/GOLF Acres: Municipality: Caledonia County V / Golf 6.1Miles Zoning: Unzoned; In Process Other: 6 Miles North of Foxconn One of the larger parcels available in SE Wisconsin 10

11 1033 HIGHWAY 41 SOUTH Acres: S Highway 41 Municipality: Zoning: Sturtevant General Business 3.0 Miles Other: Located on Route 20 Frontage Road Located in TID 4 FOXCONN AREA 1 Main Facility FOXCONN AREA 2 Project Staging 11

12 10215 WASHINGTON Acres: Washington Municipality: Zoning: Mount Pleasant Industrial 2.2 Miles Other: Located across Route 20 from Sturtevant Amtrak station FOXCONN AREA 1 Main Facility FOXCONN AREA 2 Project Staging 12

13 K-94 Outparcels K 94 Outparcels Acres: Miles Municipality: Zoning: Caledonia Retail Land Other: Serviced by municipal water and sewer 7 Miles South of Foxconn Adjacent to DeBack Farms and A&W 13

14 Contact Details Jeff Rothbart Managing Member (o) (c)