ARCTRUST Launches DST Offering for Ohio Industrial Building
ARCTRUST Inc, a fully integrated real estate company, announced the launch of ARCTRUST Industrial Delaware statutory trust (DST), a Reg-D private placement offering looking to raise up to $7.1 million.
The DST provides 49.5% leverage, targeting a 5.07% year-one distribution for accredited investors with a minimum investment of $50,000.
The offering consists of a 144,328-square-foot, single-story industrial building in Cleveland, OH. The building was purchased by the DST on August 16 for approximately $11.6 million.
“As we continue to expand our DST platform with this mission-critical industrial asset, it further confirms our commitment to the DST industry and our conviction that properties like these offer unique potential advantages for our shareholders, such as diversification potential, possible tax benefits and exposure to industry leading tenants,” noted Chris Wadelin, ARCTRUST Private Capital CEO.
The property contains 160 standard parking places and six ADA-compliant parking spaces in addition to the building, which is 100% leased to Polychem, LLC.
Clifton, NJ-based ARCTRUST operates throughout the US with a focus on New York to Florida.