FL IRS DST

Jacksonville, FL


Asset Class:Office
Leverage0% - All-Cash/Debt-free
LocationJacksonville, FL
Minimum Investment:$100,000
Current DistributionMonthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

FL IRS DST is a 46,117 sq ft office space that is 100% occupied by the IRS. In a government-backed lease through November 2036 with 2% annual rent increase. The IRS has been a tenant at the property since 2001 and is rated AA+ by S&P. Located in an income tax free state.

Strategically located near the geographic center of the Western Hemisphere, providing faster and more efficient access to both domestic and international markets.

MSA Details

The Jacksonville region is the 5th fastest-growing market in America and is the #12 best city for young professionals. Couple that with a strong talent pipeline consisting of thousands of graduates from more than a dozen major colleges and universities, and it’s easy to see why companies are choosing the Jacksonville market to grow. The Jacksonville MSA includes a growing number of industry clusters, particularly aviation, financial services and biomedicine. The Aviation Center of Excellence at Florida State College at Jacksonville is dedicated to meeting the future local educational needs in that sector.

Property Highlights

  • Office space 100% occupied by the IRS
  • All-Cash-Debt-Free offering; GSA leased through November 2036 with 2% annual rent increases
  • IRS has an S&P investment grade of AA+
  • Income tax free State of Florida
  • The IRS has been a tenant at the property since 2001
  • Jacksonville is strategically located near the geographic center of the Western Hemisphere,
    providing faster and more efficient access to both domestic and international markets
  • Population growth in Duval County, the heart of Jacksonville, grew 6.8% from 2014 to 2019,
    but St. John’s County to the southeast grew 21% over the same period
  • Strong market trends – Jacksonville has recovered 77% of its lost jobs from the pandemic as of Q1 2021. This was well above the US recovery rate of 52% and better than its Florida peers

Source: Indication of Interest

The market information provided above may not predict the future performance of the property.

*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.

All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.

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Risks & Disclosures

All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.

All offerings shown are Regulation D Rule 506c offerings.

This material has been prepared for accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment.

The information herein has been prepared for educational purposes only and does not constitute an offer to purchase securitie or real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities.

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation prior to considering an investment.

This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.

There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity.

Investors should read the PPM carefully before investing paying special attention to the risk section.

Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please speak with your CPA and Attorney to determine if an investment in real estate and DST properties is suitable for your particular situation/circumstances.

Past performance is not indicative of future returns.

Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

There are significant limitations on the ability to sell or transfer interests.

Expected cash flows and returns may not be realized and a loss of invested capital is possible.

The Sponsor, Co-Sponsor, Master Tenant, Trustee & Affiliates will all receive substantial fees relating to the syndication, ongoing management and disposition of this offering.

Securities offered through Growth Capital Services, Member FINRA and SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

There are important risks specific to each tenant and their respective leases, including expiration dates, early termination options, renewal options and economics relating to rents paid and expense reimbursements. Should a tenant fail to meet their obligations, terminate early or fail to renew their lease it could have a material negative impact on the financial performance of this property.