DELAWARE STATUTORY TRUST (DST)

Sealy Industrial 1 DST

IN

LOCATION

All-Cash

IN-PLACE LOAN

7 Years

EST. HOLD PERIOD

Industrial

PROPERTY TYPE

4.86%

CURRENT YIELD

None

721 EXCHANGE

Investment Highlights

  • Sealy Industrial I DST features one industrial property in Anderson, IN, near Indianapolis, which has a strong labor pool and other industrial and distribution activity in the area.

  • The tenant is Pioneer Seed Company, which is owned by Corteva Agriscience. Corteva is the second-largest agribusiness company in the world. Since this building is near the company headquarters, it is mainly used to store more than $1 billion worth of corn and soybean seeds.

  • The Property is situated near the region’s second largest employer, Kadlec Regional Medical Center, which provides residents with access to both accessible healthcare and relatively stable, healthcare-related employment opportunities.

  • Currently, 11 years are remaining on the lease with 5.5% rent escalations every 3 years with two 5-year extension options. The asset is NNN with limited landlord responsibilities. The building was built to suit Pioneer Seed.

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