Sealy Industrial Indiana I, DST

Investment Description

The asset is comprised of a Class A +/-300,000 SF institutional-quality, climate-controlled distribution warehouse situated on 30 acres. The tenant, Pioneer Hi-Bred is a 100-year-old wholly-owned subsidiary of Corteva Agriscience, a global leader in agricultural science.

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.

• Sponsor is new to 1031 exchange investments. No full-cycle offerings to analyze.