Syndicated Equities Johnson Controls Glendale DST
Investment Details
Investment Sponsor: Syndicated Equities
Location: Wisconsin
Current Yield: 6.00%
721 Exchange: None
Property Type: Industrial
In-Place Loan: 55.00% LTV
Distribution Frequency: Quarterly
Estimated Hold Period: 7-10 Years
Investment Description
Syndicated Equities Group is pleased to present a new investment opportunity in an approximately 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.
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.
Investment Documents
Investment Sponsor
Since 1986, Syndicated Equities has made investments in over $2 billion of institutional-quality real estate on behalf of accredited investors and 1031 exchange investors. Syndicated provides opportunities for individuals and family offices seeking direct real estate investments, including those seeking replacement property for 1031 exchanges in a Delaware Statutory Trust (DST) or Tenancy-In-Common.
Sponsor Historical Performance
79 Realized 1031 DST Investments
1.63x Equity Multiple
9.05% Average Annual Return
5.8 Year Average Holding Period
72.2% Investment Success Rate
