BREX Net Lease Data Center I DST is a $98.0 million Delaware Statutory Trust from Brookfield (Brookfield Real Estate Exchange) offering 255 Caspian Drive, a Tier III single-tenant data center totaling 119,756 square feet (6.5 MW of critical IT capacity) in Sunnyvale, California, in the heart of Silicon Valley. The facility is net-leased to Equinix (S&P: BBB+) with 4.4% annual rent increases and a master lease running to 2046; the trust is capitalized with $58.98 million of equity and $39.0 million of debt fixed via hedge at 5.25% through 2031, a 39.8% LTV. A 721 UPREIT exchange option into a Brookfield REIT may be available at the sponsor's discretion. The offering is made under Rule 506(c) with a $100,000 minimum.
5 MW of critical IT capacity) in Sunnyvale, California, in the heart of Silicon Valley. 8% LTV.
A 721 UPREIT exchange option into a Brookfield REIT may be available at the sponsor's discretion. The offering is made under Rule 506(c) with a $100,000 minimum.
| Lender | Institutional (fixed via interest-rate hedge) |
| Interest Rate | 5.25% (Fixed via hedge) |
| Loan Term | 5 years |
| Interest-Only Period | 5 years |
| Total Debt | $39M ($39,000,000) |
| In-Place LTV | 39.80% |
| Year 1 DSCR | 2.32x |
Tier III single-tenant data center (119,756 sq ft, 6.5 MW) in Sunnyvale, the core of Silicon Valley.
Net-leased to investment-grade Equinix (S&P: BBB+) with 4.4% annual rent increases.
$39.0M loan fixed via hedge at 5.25% through 2031; 39.8% LTV; long master lease to 2046.
Sponsored by Brookfield, one of the world's largest real estate investors, via its BREX 1031 platform.
$100,000 minimum; optional 721 UPREIT exchange into a Brookfield REIT at the sponsor's discretion.
Investment-grade single-tenant credit (Equinix); contractual 4.4% annual rent growth; moderate 39.8% leverage; scarce Silicon Valley data-center asset benefiting from AI-driven demand; institutional Brookfield sponsorship; 721 optionality.
Single-tenant, single-asset concentration (Equinix); remaining base lease term shorter than the hold if renewals are not exercised; loan maturity in 2031 creates refinance risk; data-center obsolescence and technology risk; projected distribution schedule not yet posted.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
A rare net-leased Silicon Valley data center backed by investment-grade Equinix and institutional Brookfield sponsorship. Suited to 1031 investors seeking credit-tenant, inflation-linked income with 721 optionality, who accept single-tenant concentration and 2031 refinance risk.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
| Metric | This Offering | Market Avg. | Assessment |
|---|---|---|---|
| Avg. Income | 4.98% | 5.18% | Meets Average |
| Income Growth | 30.43% | 9.04% | Above Average |
| Peak Income | 5.70% | 5.37% | Meets Average |
Brookfield
Brookfield is a global owner-operator of real assets with well over $1 trillion in AUM and roughly $31 billion in U.S. institutional real estate, and it reaches retail and exchange investors through the Brookfield Real Estate Income Trust. Its competitive advantage is operational rather than financial-engineering: deep in-house operating platforms across infrastructure, renewables and property allow it to drive value at the asset level. Backed by a perpetual-capital base and a 125-year institutional lineage, Brookfield brings owner-operator scale that few sponsors can replicate, with DST/non-traded vehicles a small slice of the whole.
Learn More About Brookfield →Documents for this offering. Available to signed-in investors.
Securities offered through Aurora Securities, Inc. (CRD #46147 / SEC #8-51322), member FINRA / SIPC; Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This is not an offer to sell or a solicitation of an offer to buy any security; any offer is made solely by the confidential private placement memorandum (PPM), which qualifies all information herein in its entirety. Delaware Statutory Trust interests are speculative, illiquid securities offered under Rule 506(c) of Regulation D and sold only to investors whose accredited-investor status has been verified; offering documents and subscription materials are provided only after that verification. They involve substantial risk, including possible loss of the entire investment.
Distributions, yields, the cap-rate equivalent, DSCR, occupancy, and benchmark figures are sponsor estimates or projections, are not guaranteed, and may differ materially from actual results. Any tax-adjusted yield assumes a 40% effective rate for non-1031 cash investors and is not tax advice. No tax, legal, or investment advice is provided — consult your own CPA and attorney. Past performance does not guarantee future results.