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Offering Summary

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MDRR XXV Tesla DST 1

Preview Report

Details the $16,296,240 DST syndication acquiring a 1986-vintage single-tenant Tesla service facility in Pensacola, Florida.

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 6.00%Term avg. 6.00%

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

The property

Single-Tenant Tesla Service Facility in Pensacola, FL

$14,554,504 acquisition price

MDRR XXV Tesla DST 1

Single-Tenant Retail/Service

The Tesla Service Center property was built in 1986.

312 East Nine Mile Road, Pensacola, Florida 32514

312 East Nine Mile Road, Pensacola, Florida 32514

Single-Tenant Retail/Service

$14,554,504

100.0% of portfolio

Seller
—
Property manager
MDRR Sponsor TRS, LLC
Sponsor

MDRR Sponsor TRS, LLC

Asset Type

Single-Tenant Retail/Service

Location

312 East Nine Mile Road, Pensacola, Florida 32514

Units

—

Property Age

The Tesla Service Center property was built in 1986.

Offering Price

$16,296,240

Offering Debt

$7,710,000

Offering Equity

$8,586,240

Offering LTV

47.32%

Income % (Yr. 1)

6%

Avg. Income (Full Term)

6%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • Single-tenant facility leased to Tesla, Inc. with >140,000 global employees
  • Projected distribution yield of 6% for Year 1 and full-term average

Concerns

  • Asset was constructed in 1986
  • Underlying lease term and expiration date are not disclosed