Baker Taylor Distribution Cente

Closed

Overview

Acquisition a 276,680 SF single tenant building in the Atlanta Georgia market. The subject property is currently 100% occupied by Baker & Taylor and is used as a distribution center for national shipping. They have been in occupancy for almost 50 years, with a significant investment in the building. The lease will be for an initial term of 15 years on an absolute NNN basis. The tenant will be responsible for 100 % of the operating expenses including maintenance of the building / structure itself. They will also be responsible to correcting and deferred maintenance items identified by the Lender on annual inspections.

Accepted Investors

Accredited

Raise Close Date

8/1/2023

Regulation Type

506B

Deal Type

Syndication

Asset Location(s)

Georgia

Asset Class(es)

Industrial

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Peykar Capital

Details

Target Raise$10M
Close Date8/1/2023
Min Investment$250,000
Target IRR18%
Target Hold Period3 years
Target Equity Multiple2x
Preferred Return7%
Target Cash-on-Cash11%