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|
|1031 Exchange Qualified:||Yes|
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.
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.
- 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.