Whole Foods Market
350 N. LaSalle St., Suite 800 Chicago, Illinois 60654
Total Price: $31,802,253
Loan: $19,000,000
- Fixed Interest Rate of 5.75%
- Loan to Value: 59.74%
- Minimum Investment: $225,000
- 10-year term
Whole Foods, in conjunction with the Center on Halsted, will be responsible for the majority of maintenance and repair obligations at the property. An affiliate of Syndicated will provide experienced asset management services for Whole Foods
350 N. LaSalle St., Suite 800 Chicago, Illinois
Financing for the property was negotiated in the form of a non-recourse, $19,000,000 loan with a five-year term. The loan has a fixed interest rate of 5.75% and requires interest-only payments during the five year term.
Property & Asset Management
Whole Foods, in conjunction with the Center on Halsted, will be responsible for the majority of maintenance and repair obligations at the property. An affiliate of Syndicated will provide experienced asset management services for Whole Foods Halsted investors, including preparation of year-end tax information. Please see www.SyndicatedEquities.com for more information about Syndicated.
Purchase of Whole Foods Halsted & Offering of Interests
Syndicated has purchased a 100% interest in the Whole Foods Halsted and is offering interests to investors at a total price of $31,802,253 inclusive of all closing costs and fees.
Financing for the property was negotiated in the form of a non-recourse, $19,000,000 loan with a five-year term. The loan has a fixed interest rate of 5.75% and requires interest-only payments during the five year term. Please note that this loan represents a 59.74% loan-to-value, and investors will be allocated their pro rata share of the debt. The lender will also require 1031 Exchange investors to execute an industry-standard, “bad acts” limited guaranty.
Investors will be offered up to $12,802,253 of equity for purchase. For 1031 Exchange investors, a $225,000 minimum investment is required. Other investors should contact Syndicated to discuss their desired investment amount. Principals of Syndicated will make equity investments of up to 5% of the available equity in Whole Foods Halsted on a pari passu basis with all other investors.
Please note that this transaction will be structured to accommodate accredited investors only.
Return Assumptions & Projections
Syndicated projects that investors will receive a 5.46% average annual cash-on-cash return during the first five years. During the first ten years of ownership (if applicable), Syndicated projects that investors will receive a 6.42% average annual cash-on-cash return, which includes a refinance of the loan in 2013. A large percentage of the projected returns which will be sheltered by depreciation. Cash flow distributions will be made monthly.
NEW INVESTMENT OPPORTUNITY
- Brand New Whole Foods Grocery Store In Premier Location
- Long-Term Net Lease with 12% Rental Escalations Every 5 Years
- 6.42% Projected Average Annual Cash-On-Cash Returns Years 1-10 5.46% Projected Average Annual Cash-On-Cash Returns Years 1-5
- Suitable For Accredited Investors Only
- Accommodates 1031 Exchange Investors
This summary is for informational purposes only and is not intended as an offer or solicitation. An investment in the property described in this summary may only be made pursuant to the terms of a Private Placement Memorandum to be issued by an affiliate of Syndicated Equities Group, LLC (the “Sponsor”). Investments in securities involve risks and prospective investors should carefully review the Private Placement Memorandum. All information and disclosures in the Private Placement Memorandum shall supersede information in this summary and any other information, written or oral, that has been provided with respect to this investment. This material is not intended to address the particular circumstances or needs of any specific person or entity. Prior to making an investment decision, investors should independently evaluate the relevant risks involved and ensure that such investment is appropriate and suitable for the investor in light of the investor’s investment objectives, experience, time horizon, financial resources and other relevant circumstances. The material contained in this summary is directed only at qualified persons or entities in any jurisdiction where such access to information and its use is not contrary to local law or regulation. By accepting this information, you agree to maintain its confidentiality and not reproduce, publish, or distribute it, in whole or in part, for any purpose. In that regard, all information set forth herein regarding the property described herein or Whole Foods shall not be disclosed by you to any person other than your financial and legal advisors and such persons shall be likewise bound by this confidentiality agreement. By accepting and reading this summary you agree to be bound by the terms hereof and agree to inform your financial and legal advisors of the fact that they are bound by the terms hereof. If you do not wish to be bound by the terms of this confidentiality agreement, please destroy this summary. The numbers, projections and statistical data contained herein are based upon information that have been obtained by sources believed to be reliable and accurate, but are not necessarily complete, cannot be guaranteed, and no representations or warranty, express or implied, are made by the Sponsor or any other person as to their accuracy, completeness or correctness. Errors and omissions are expected. The projections regarding the likelihood of various investment outcomes are not guarantees of future results. Further, all opinions and estimates contained herein constitute the judgment of the Sponsor as of the date of this summary and are subject to change without notice. Prospective investors are not to construe the contents of this summary as legal, investment, tax or other advice. Each prospective investor must rely on his, her or its own representatives, including his or her own legal counsel and accountants, as to legal, economic, tax and related aspects.
ABOUT Syndicated Equities
Syndicated will make available up to $6,910,000 of equity interests to accredited investors, including those seeking to complete a Section 1031 exchange.
Syndicated Equities Group, LLC (“Syndicated”) is pleased to advise you of an investment opportunity in Cahaba Village (“Cahaba”), an upscale, Whole Foods anchored retail center located in the affluent city of Mountain Brook (Birmingham), AL.
