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NLC Financial Services HQ DST

NLC Financial Services HQ DST

$150,000 - Min. InvestmentAs Available DistributionsDST Tax Pkg - Tax Reporting
Detroit, Michigan
DST506b

Product Highlights

Offering Price$137,692,566
Properties1
Loan to Value82.75%
Loan Term22 years
Interest Only Period0 years
Cashflow
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Projections are subject to assumptions and limitations.

Available Equity

Available
50%($11.8m)
Reserved
0%($0.0)
Closed
50%($12.0m)

Product Images

NLC Financial Services HQ DST - 1
NLC Financial Services HQ DST - 2
NLC Financial Services HQ DST - 3

Investment Description

The Property Trust is the owner of an approximately 421,481-square foot 20-story commercial office tower (the “Building”) and structured parking garage (the “Parking Garage”) containing approximately 319 parking spaces, situated on approximately 0.51 acres of land (the “Land” and, together with the Building and the Parking Garage, collectively, the “Property”), leased by The Huntington National Bank, a national banking association (successor by merger to TCF National Bank, successor by merger to Chemical Bank) (the “Tenant”). The Property is located in Detroit, Michigan.

Product Overview

Financial Highlights

Total Equity
$23,751,968
Total Debt
$113,940,598
Offering Price
$137,692,566
Loan-to-Value
82.75%
Reserves
$0
Current Income
0%

Investment Profile

Sponsor
Net Lease Capital
Structure
DST
Property Type
Office
Holding Period
10+ years
Liquidity
None
Risk Profile
High

Business Plan

The Interests are intended to allow Purchasers to: (i) preserve their capital investment; (ii) preserve their tax deferral status through a Section 1031 tax-deferred exchange; and (iii) realize potential for capital appreciation on their investment through the eventual sale of the Interests or the Property. No cash distributions are expected to be made to Beneficial Owners during the initial 22.5-year term of the Lease. An investment in the Interests involves substantial risks. See “Risk Factors.”

Sponsor Overview

Net Lease Capital is a leading investment and advisory firm in the single tenant net lease arena. A team of seasoned professionals offers leading experience in triple net lease and GSA transactions, the capital markets, tax code provisions in real estate, and the sponsorship of Delaware statutory trusts

Location Details

Frequently Asked Questions

Still have questions?

If you require additional information about this investment or assistance in understanding its structure, please don't hesitate to get in touch.

QM

Quinn Morimoto

Product Specialist

Speak with QuinnGet Info by Email