DELAWARE STATUTORY TRUST (DST)

Syndicated Equities Johnson Controls Glendale DST

WI

LOCATION

55.00% LTV

IN-PLACE LOAN

7-10 Years

EST. HOLD PERIOD

Industrial

PROPERTY TYPE

6.00%

CURRENT YIELD

None

721 EXCHANGE

Investment Highlights

  • 110,000 square foot engineering lab and innovation center that is 100% leased to Johnson Controls, Inc.

  • The newly built property is adjacent to Johnson Controls’ US headquarters in Glendale (Milwaukee), Wisconsin.

  • New 2024 construction with a 15-year absolute NNN lease, annual rental increases, and 3-5 year options.

  • This new state-of-the-art R&D facility has approximately 250 engineers onsite and includes specialized labs to test valves, HVAC components, metrology, wind tunnels, software, hardware, and data center equipment.

  • Johnson Controls, Inc., spent $11.7 million to build out the interior lab space to its exact specifications.

  • The property is situated directly across the street from the Johnson Controls’ North American Headquarters campus.

  • This offering is coming soon and is not available yet for investment. Offering specifics may change prior to the investment becoming available.

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