Florida Carrier Training Center DST

Lakewood Ranch, FL


Asset Class:Single Tenant Net Lease
Leverage:0% - All-Cash/Debt-free
Location(s):Lakewood Ranch, FL
Minimum Investment:$100,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

A Carrier Corporate training facility in the Sarasota Florida MSA. 100% leased and occupied with a corporately backed lease by Carrier Global Corporation (NYSE:CARR), an investment grade rated tenant BBB (S&P). With 1.75% annual rental increases.

The Property is situated along the east side of Town Center Parkway within Lakewood Ranch’s western border fronting Interstate 75. Lakewood Ranch affords excellent connectivity throughout Sarasota and Manatee counties via proximate access to major thoroughfares.

MSA Details

Lakewood Ranch is located in Bradenton county, which has a population of 55,059 and has seen over 70% in average growth from 2010 to 2019. The median income in Lakewood Ranch, FL is $140,976.00.The Sarasota-Bradenton Metropolitan Statistical Area (the “Sarasota-Bradenton MSA”) is place of residence for nearly 850,000 people, ranking as Florida’s 5th largest MSA within the state. Since 2015, the Sarasota-Bradenton MSA has welcomed nearly 91,000 new residents to the area and added nearly 24,000 jobs, with this trend expected to replicate over the next five years.

Property Highlights

  • A 106,790 SF Carrier Corporate training facility in the Sarasota Florida MSA
  • 100% leased and occupied
  • Corporate backed lease by Carrier Global Corporation (NYSE: CARR) an investment grade tenant
  • Net leased through January 2026 with 1.75% annual rent increases
  • One of two like-kind locations for the Tenant, the other office being in Phoenix, AZ
  • With immediate access to Interstate 75 via University Parkway located just south of the Property
  • University Parkway serves the local area as a main east-west artery, providing convenient access to other major thoroughfares such as US Hwy 301 (6.5 miles away) and US Hwy 41 (8.2 miles away)
  • Direct commute to Sarasota-Bradenton International Airport and proximity to other major West Florida metros

Source: Preliminary Brochure

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.

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Risks & Disclosures

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.