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.