Essential Income 12 DST
Industrial
Republic, MO
Republic, MO
100 unitsIndustrial
—
100.0% of portfolio
- Seller
- —
- Property manager
- ExchangeRight Real Estate, LLC
Essential Income 12 DST is a $123,530,000 single-tenant industrial offering in Republic, MO leased to Amazon. The trust targets a 5.2% Year 1 yield and a 5.25% full-term average yield with a syndicated cap rate of 6.15%.
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 5.20%Term avg. 5.25%
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
One asset, Republic, MO submarket
— acquisition price
Sponsor
ExchangeRight Real Estate, LLC
Asset Type
Industrial
Location
Republic, MO
Units
100
Property Age
—
Offering Price
$123,530,000
Offering Debt
—
Offering Equity
$123,530,000
Offering LTV
100%
Income % (Yr. 1)
5.2%
Avg. Income (Full Term)
5.25%
Minimum Cash Investment
—
Minimum 1031 Investment
—
Strengths
- Amazon tenancy provides corporate-backed stability
- Targeted initial yield of 5.2% with 5.25% full-term average
Concerns
- Single-asset concentration in Republic, MO
- Property vintage is not disclosed