LSC-AM MC2,DST

8865 Smith’s Mill Road North, New Albany, OH 43054

Beneficial Interests: $9,915,000

Offering Price: $23,565,000

  • Loan Proceeds: $13,650,000
  • Loan-to-Offering Price Ratio: 57.90%
  • Cash Flow : 5.95%
  • Minimum Investment[1031]: $100,000

Livingston Street Capital, LLC is a boutique private equity firm whose investment strategies currently encompass three main sectors, including healthcare, mission critical/strategic and multifamily properties. Our investment strategy can best be described as focusing on the “needs” of individuals and corporations versus the “wants.”

AMCOR RIGID PLASTICS PROPERTY

Recently constructed, LEED-Silver certified Property which was built in 2012 and recently expanded in 2018 by an additional 59,580 square feet to consolidate the Tenant’s warehousing requirements from an off-site location to the Property

INVESTMENT HIGHLIGHTS

  • Recently constructed, LEED-Silver certified Property which was built in 2012 and recently expanded in 2018 by an additional 59,580 square feet to consolidate the Tenant’s warehousing requirements from an off-site location to the Property
  • New 15-year NNN lease (effective date June 1, 2018) with four, five-year options to extend the term, as well as 2% annual rental increases and minimal landlord obligations.
  • The investment grade rated lease guarantor is Amcor Limited, which is rated by Moodys Baa2, Standard & Poors BBB and Fitch BBB+.
  • Company maintains significant equipment at the Property to conduct their business representing significant capital investment by the Tenant.
  • Amcor Rigid Plastics uses the Property as a strategic production site for its home and personal care segment, providing a variety of packaging solutions for numerous well-known firms such as MAST, Johnson & Johnson, Living Essentials and Smuckers.
  • The Property is situated within the International Beauty campus of the New Albany International Business Park. The Beauty Campus is comprised of a synergistic collection of firms engaged in the manufacturing, packaging and distribution of personal care and beauty products.
  • The loan is fixed-rate, 10-year term with five years’ interest-only payments followed by 30-year amortization thereafter.

PROPERTY OVERVIEW

AMCOR RIGID PLASTICS PROPERTY

The property is located within the New Albany International Business Park’s Personal Care and Beauty Innovation Campus in New Albany, OH. The park was developed to congregate all the links of the supply chain and the final assembler to increase the speed of goods to the market. Land use in the immediate area is primarily composed of community uses, industrial space and vacant land. The property is conveniently located near the interchange of US-62 and Route 161 which provides access to Interstates 70 and 71 connecting the major metropolitan areas of Columbus, Cleveland, Pittsburgh,Cincinnati, and Indianapolis.

ABOUT Livingston Street Capital, LLC

Livingston Street Capital, LLC is a boutique private equity firm whose investment strategies currently encompass three main sectors, including healthcare, mission critical/strategic and multifamily properties. Our investment strategy can best be described as focusing on the “needs” of individuals and corporations versus the “wants.” As a result, we focus on investment themes that we believe are less geared towards discretionary expenditures and are more closely aligned to what is essential to the user.
We are led by a management team that has collectively transacted more than $20 billion of real estate transactions throughout their careers and brings more than 75 years of collective experience. Our team has experience in both the full development cycle of real estate as well as ability to execute and structure the full capitalization of an investment. We bring a broad spectrum of understanding from ground-up development within certain sectors to multibillion dollar recapitalization and buy-outs of real estate companies.