ZIONSVILLE GROUND EXPRESS DST
10301 Bennett Parkway, Zionsville, Indiana
Beneficial Interests: $12,089,583
Offering Price: $35,189,583
- Loan Proceeds: $23,100,000
- Current Cash Flow: 5.25%
- Loan-to-Offering Price Ratio: 65.64%
- Minimum Investment[1031]: $100,000
Zionsville Ground Express DST, a newly formed Delaware statutory trust and an affiliate of Inland Private Capital Corporation (“IPCC”), is hereby offering to sell to certain qualified, accredited investors pursuant to this Private Placement Memorandum 100% of the beneficial interests in the Trust.
Bennett Parkway Property
The Property includes a main building totaling 304,022 square feet along with a guard house, a mechanical building, a fueling station and a salt storage structure.The ceiling height of the main building is 39 feet with a clear height of 36 feet.
INVESTMENT HIGHLIGHTS
THE OFFERING
The Offering is designed for accredited investors seeking to participate in a tax-deferred exchange, as well as those seeking a quality, multiple owner real estate Investment. Only accredited investors may purchase Interests in this Offering. See “Summary of the Offering” and “The Offering” in the Memorandum.
THE LOCATION
The Property’s neighborhood has recently been annexed within the Town limits of Zionsville, Boone County, Indiana. The Property is specifically located in the new Ripberger Business Park in southern Boone County, approximately 15 miles north of downtown Indianapolis.
Primary access to the neighborhood is provided by Michigan Road (US 421). Michigan Road generally runs in a north-south direction and is heavily commuted due to its direct route to the Indianapolis central business district. This thoroughfare also links to Interstate 465, which circles the City of Indianapolis and connects to Interstate 65 that traverses the City of Indianapolis and provides access to Chicago, Illinois to the north and Louisville, Kentucky to the south.
THE FINANCING
The Trust funded the acquisition of the Property with cash, provided as a capital contribution from the depositor of the Trust, and a loan (the “Loan”) from Busey Bank, an Illinois banking corporation (“Lender”).
PROPERTY OVERVIEW
Bennett Parkway Property
The Trust owns the real estate and improvements thereon located at 10301 Bennett Parkway, Zionsville, Indiana 46077 (the “Property”), which is leased to FedEx Ground Package System, Inc. (“FedEx Ground” or “Tenant”).* The Property includes a main building totaling 304,022 square feet along with a guard house, a mechanical building, a fueling station and a salt storage structure. The ceiling height of the main building is 39 feet with a clear height of 36 feet. The exterior of the main building includes above-market finishes for a traditional modern bulk warehouse, with decorative finishes including textured limestone, inlaid brick and concrete panels.
ABOUT Inland Real Estate Group of Companies, Inc.
The Inland Real Estate Group of Companies, Inc. (Inland) is one of the nation’s largest commercial real estate and finance groups, representing nearly 50 years of expertise and integrity in the industry. As a business incubator, Inland specializes in creating, developing and supporting member companies that provide real estaterelated investment funds – including limited partnerships, institutional funds and nonlisted real estate investment trusts (REITs) – and real estate services for both third parties and Inland-member companies.
In March 2001, Inland Private Capital Corporation was formed to provide replacement properties for investors wishing to complete a tax-deferred exchange under Section 1031 of the Internal Revenue Code of 1986, as amended, as well as investors seeking a quality, multiple-owner real estate investment. The programs sponsored by IPC offer securities to accredited investors on a private placement basis.