Crowd Realty Advisors

1250 & 1400 SOUTH MICHIGAN AVENUE DST

Total Acquisition Cost: $12,150,000

EQUITY: $4,350,000

  • Debt: $7,800,000
  • Loan To Value: 64.2%
  • Reserves: $300,000
  • Minimum 1031 Investment $100,000

1250 & 1400 SOUTH MICHIGAN AVENUE DST offering consists of a rare opportunity to own two multi tenant ground floor retail subdivisions under high-rise residential towers located in the gentrified and continually expanding South Loop area of Chicago.

1250 & 1400 SOUTH MICHIGAN AVENUE DST

Over the past decade, the South Loop neighborhood has exploded with new residential and commercial real estate developments and has gentrified to become one of Chicago’s most desirable upper middle class urban neighborhoods.

Property Description

1250 & 1400 SOUTH MICHIGAN AVENUE DST offering consists of a rare opportunity to own two multi tenant ground floor retail subdivisions under high-rise residential towers located in the gentrified and continually expanding South Loop area of Chicago. The subdivisions total 17,477 square feet in size and are separated by two city blocks with excellent visibility and foot traffic along with the following characteristics:

  • 100% leased under 12 Triple Net(NNN) Leasees.
  • Income derived from 10 retail tenants and 10 year NNN
    leases for communication easements with Direct TV and one
    of Chicago’s largest Internet service providers.
  • Additional Income from parking leases with a valet company, and the residential and commercial tenants in the buildings.
  • All retail tenant leases include annual rent escalations.
  • Average household income in one mile radius is $104,829*
  • Surrounded by thousands of class A condominium units in fully stabilized condominium towers.
  • 1/2 mile from Soldier Field, home of the Chicago Bears

INVESTMENT OPPORTUNITY HIGHLIGHTS

  • Total Acquisition Cost $12,150,000
  • Equity $4,350,000
  • Debt $7,800,000
  • Loan To Value 64.2%
  • Year 1 Pro-Forma Yield 7.12%
  • 5 Year Avg. Pro-Forma Yield 7.74%
  • Pro-Forma IRR 12%
  • Leases Triple net
  • Reserves $300,000
  • Legal DLA Piper
  • Structure Delaware Statutory Trust
  • Minimum Cash Investment $50,000
  • Minimum 1031 Investment $100,000

UNIVERSITY ADJACENT RETAIL

UNIVERSITY ADJACENT RETAIL spaces located within a three-mile radius from private and state universities and colleges with student populations of 15,000 and above. By focusing on significantly less management intensive real estate assets we are able to lower operating costs. Our target properties must also have attractive lease terms that include annual rent escalations to offset inflation growth. We target our investments solely in markets boasting robust demographics, together with strategic locations.

CROWD REALTY ADVISORS principals collectively have a century of institutional and private real estate investment experience totaling $2 Billion in real estate transactions. Crowd Realty Advisors is the culmination of decades of combined investment experience established to capitalize on the rapidly occurring paradigm shift preferring urban, over suburban lifestyles for work, live and play.

1031 EXCHANGES This offering is designed for accredited investors seeking to participate in a proposed tax deferred exchange as well as accredited investors seeking a quality, multiple owner real estate investment on a cash basis.

A DELAWARE STATUTORY TRUST, or DST is a separate legal entity formed as a trust under Delaware law, allowing a investor to use their beneficial interest in the DST as a replacement property in a 1031 Exchange. 1250 & 1400 South Michigan Avenue DST is a DST offering that can accommodate investors seeking replacement property options.

South Loop Neighborhood, Downtown District Chicago’s South Loop neighborhood is located adjacent to and immediately south of the Windy City’s Loop neighborhood; the heart of the financial district, and within the downtown district of the nation’s third most populous city.

Over the past decade, the South Loop neighborhood has exploded with new residential and commercial real estate developments and has gentrified to become one of Chicago’s most desirable upper middle class urban neighborhoods.

1250 & 1400 South Michigan Avenue are less than one-half mile from Lakeshore Drive and Chicago’s Museum Campus, a 57-acre park comprised of Soldier Field, (home to the NFL’s Chicago Bears), Field Museum of Natural History, Adler Planetarium, Shedd Aquarium, North America’s largest convention center, McCormick Place. Within the three-mile radius of the properties, there are many universities and colleges supporting the retail outlets: DePaul University (24,400 students), Roosevelt University (7,000 students), University of Illinois at Chicago (27,900 students), and more.

ABOUT Crowd Realty Advisors

AUSTIN 401 Congress Avenue, Frost Tower, Suite 1540 Austin, Texas 78701 | 512.852.4378 info@CrowdRealtyAdvisors.com
NEW YORK 3 West 57th Street 10th FLR , New York, NY 10018 | 917.892.0168 swaldman@CrowdRealtyAdvisors.com
Santa Barbara 1236 Coast Village Circle, Suite K, Montecito, CA 93108 | 805.680.2004 drottman@CrowdRealtyAdvisors.com