A High Yield Multi-tenant
Industrial Real Estate Asset
Investors Receive an LLC Ownership Interest in the Property
Available to Accredited Investors Only
**Past performance does not guarantee future results.
See disclosures below*
Technology Park, 222,059 SF Multi-Tenant Industrial Park
Farmington Hills Michigan
1. Healthy yield – targeted average 11% yield* and 17.24% IRR* based on a 5 year hold. See Offering Material for details.
2. Bought at the right price. The property was purchased approximately 40% below replacement cost
3. Great location – Major business hub with 98.5% occupancy rate in Farmington Hills industrial real estate.
4. Upside potential – This property is undermanaged with only 89% occupancy, right in our sweet spot for value creation.
5. 3.21% fixed rate financing for 8 years – potentially protects distribution yields and provides inflation protection.
6. Strong Tenant Mix – SiriusXM, Quest Diagnostics, Statysis, Polyplastics, ++
We are multi-tenant industrial/warehouse experts. We have completed a round trip on 24 multi-tenant industrial properties and provided an average annual weighted return of 19.01% to our investors.**
4.1 MILLION SQ FT
In Acquisitions
19.01%
Weighted Internal Rate of Return
3.38 YEARS
Weighted Hold Period
24
Full Cycle Investments
1.55%
Weighted Investment Multiple
8.19%
Weighted
Yearly Distribution Yield
Successful Experienced Multi-tenant Industrial Investment Team
Our executive management team has more than 160 years of combined commercial real estate experience. We conservatively underwrite all acquisitions, acquire and operate properties with potential for high yield and capital appreciation. **
We Co-invest With You
Our interests are aligned because we invest alongside our investors and the principals take a hands-on approach to ensure that each investment provides the maximum return possible for all of us.**
**Past performance does not guarantee future results – See disclaimer below*
**Past performance does not guarantee future results – See disclaimer below*
Property’s Acquisition Price: | $25,500,000 ($114.32 psf) |
Projected Debt: | $14,700,000 |
Projected Equity: | $12,508,000 |
Projected Capitalization: | $27,208,000 |
Loan Terms: | 3.21%, fixed rate, 10-year term due 4-1-2031, until Apr 2024, 20-year am thereafter |
Projected Yield (5-yr avg): | 7% (cash flow) 4% (amortization) 11% (cash flow + amortization) See notes 1, 2 |
Projected IRR (5-yr hold): | 17.24% See notes 1,2 |
Projected Holding Period: | 3- to 5-Years |
(1) The above chart is preliminary and consists of projections, terms and amounts, and must be viewed in conjunction with the Risk Factors on Page 29 below and the Avistone Industrial Parks III LP Private Placement Memorandum (“PPM”) and all supplements, exhibits and addendum attached thereto including those issued in connection with the acquisition of and investment in Technology Park Portfolio.
(2) There is no guarantee investors will receive cash flow or a full return of capital. See “Risk Factors” in the Avistone Industrial Parks III PPM and on Page 29. The results shown may not occur. Investment performance could vary significantly.
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Properties formerly owned by Avistone, not in current offering.
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