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Offering Summary

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MDI Overland Park Net Lease DST

The offering is an all-cash DST raising $6,657,515 of equity to purchase a 2022-built Caliber Collision facility in Overland Park, KS. Projected initial income is 5.08%, with an average full-term distribution rate of 5.32%.

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 5.08%Term avg. 5.32%

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

The property

Single-tenant Caliber Collision facility in Overland Park

$5,800,000 acquisition price

MDI Overland Park Net Lease DST

single-tenant net lease automotive service facility

The property was constructed in 2022 as a build-to-suit Caliber Collision automotive service facility, indicating a 2022 year built for the main building.

14939 Metcalf Avenue, Overland Park, Kansas

14939 Metcalf Avenue, Overland Park, Kansas

single-tenant net lease automotive service facility

$5,800,000

100.0% of portfolio

Seller
Property manager
MDI Sponsor, LLC
Sponsor

MDI Sponsor, LLC

Asset Type

Single-tenant net lease automotive service facility

Location

14939 Metcalf Avenue, Overland Park, Kansas

Units

Property Age

The property was constructed in 2022 as a build-to-suit Caliber Collision automotive service facility, indicating a 2022 year built for the main building.

Offering Price

$6,657,515

Offering Debt

$0

Offering Equity

$6,657,515

Offering LTV

5.05%

Income % (Yr. 1)

5.08%

Avg. Income (Full Term)

5.32%

Minimum Cash Investment

Minimum 1031 Investment

Strengths

  • Debt-free investment structure
  • 2022 build-to-suit construction

Concerns

  • Single-asset, single-tenant geographic exposure