Sealy Industrial DST
Industrial Warehouse
4210 West 67th Street, Indianapolis
4210 West 67th Street, Indianapolis
Industrial Warehouse
$33,400,000
100.0% of portfolio
- Seller
- —
- Property manager
- Sealy
Sealy Industrial DST is an all-equity offering raising $40,468,388 to acquire a single industrial warehouse in Indianapolis with an ~11-year term.
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 4.81%Term avg. 5.15%
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
Single-Asset Industrial Warehouse in Indianapolis
$33,400,000 acquisition price
Sponsor
Sealy
Asset Type
Industrial Warehouse
Location
4210 West 67th Street, Indianapolis
Units
—
Property Age
—
Offering Price
$40,468,388
Offering Debt
$0
Offering Equity
$40,468,388
Offering LTV
0%
Income % (Yr. 1)
4.81%
Avg. Income (Full Term)
5.15%
Minimum Cash Investment
—
Minimum 1031 Investment
—
Strengths
- All-equity structure eliminates mortgage obligations
- Projected distributions scale from 4.81% to a 5.15% full-term average
Concerns
- Single-asset concentration in Indianapolis
- Anticipated hold period of ~11 Years