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Offering Summary

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BDP Southlake DST

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BDP Southlake DST is raising $51,985,339 in equity alongside $45,900,000 in debt to acquire a 265,942 sq ft single-tenant office property in Southlake, TX.

Capital structure

Offering Equity$30.36M50.6% · $121,449 / unit
Offering Debt$29.64M

Offering price

$60.0M

Price / unit

$240,000

Units

250

Property age

12 yrs

Projected distribution rate

Avg 6.75%
Yr 1Term avg.
Yr 1 5.13%Term avg. 5.53%

Year-one distribution of 6.25% stepping to 7.20% by year seven.

The property

Single-Tenant Class A Office Asset in Southlake, TX

$76,500,000 acquisition price

BDP Southlake DST

single tenant Class A five story office building

The property is a five-story office building that was built in 2001.

3150 Sabre Drive, Southlake, TX 76092

3150 Sabre Drive, Southlake, TX 76092

265,942 unitssingle tenant Class A five story office building

$76,500,000

100.0% of portfolio

Seller
—
Property manager
BDP Holdings, LLC
Sponsor

BDP Holdings, LLC

Asset Type

Single tenant Class A five story office building

Location

3150 Sabre Drive, Southlake, TX 76092

Units

265,942

Property Age

The property is a five-story office building that was built in 2001.

Offering Price

$91,092,820

Offering Debt

$45,900,000

Offering Equity

$51,985,339

Offering LTV

50.4%

Income % (Yr. 1)

5.13%

Avg. Income (Full Term)

5.53%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • Class A office building comprising 265,942 square feet
  • Targeted Year 1 distribution of 5.13% with 5.53% full-term average

Concerns

  • Single-tenant office sector concentration risk
  • Property vintage dates to 2001