News Archives - Page 5 of 8 - Syndicated Equities

Syndicated Equities is pleased to announce the sale of a 20,514 square foot medical and retail facility that is 100% leased to Henry Ford Health System in Southfield, Michigan.

(Chicago, August 2021) Syndicated Equities recently completed the sale of a Henry Ford Health System – OptimEyes property located at 29350 Southfield Road in Southfield, Michigan. Syndicated purchased this asset in 2016 and structured its acquisition to accommodate investors completing a 1031 exchange. After 4.5 years of ownership, the property was sold, resulting in an approximately 11.14% internal rate of return to investors.

Syndicated Equities provides individuals with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $4 billion of total asset value.

For more information please call (312) 640-9020

Syndicated Equities is pleased to announce the sale of a 95,480 square foot medical manufacturing facility that is 100% net leased to Merit Medical Systems.

(Chicago, August 2021) Syndicated Equities recently completed sale of a Merit Medical Systems property located at 14646 Kirby Drive in Pearland, Texas. Syndicated originally purchased this asset in 2017 and structured its acquisition to accommodate investors completing a 1031 exchange. After 4.5 years of ownership, the property was sold, resulting in an approximately 18% internal rate of return for investors.

For more information please call (312) 640-9020

Syndicated Equities is pleased to announce the sale of a 13,905 square foot free-standing Walgreens located in Del City, Oklahoma.

Syndicated Equities recently closed on the sale of a Walgreens located at 4300 SE 29th Street in Del City, Oklahoma. Syndicated originally acquired this asset through a tenant-in-common structure on February 24, 1997 for $2,840,500 consisting of $790,500 in original equity and mortgage financing of $2,050,000. The loan was fully amortizing with a maturity date in early 2016 coinciding with the original lease expiration with Walgreens. During its ownership, Syndicated Equities paid off the original loan and negotiated two long term lease renewals in 2014 and 2021. After 24 years of ownership the property was sold resulting in a profitable outcome to investors.

Syndicated Equities recently invested $4 million in the ground-up development of a Class-A, self-storage facility located near the North Loop neighborhood of Minneapolis, Minnesota.

The Property will be developed by Cogent Capital Group, a Chicago-based self-storage firm that has developed more than 25 self-storage facilities (approximately 2 million square feet) over the last eight years. Cogent has built facilities for each of the major self-storage operators.

Construction is expected to last for approximately 9-12 months; once complete, the Property will consist of 1,074 units spread out across 131,261 square feet and provide renters with the best-in-class amenities and security features. Syndicated believes that the Property will address an undersupply of storage units in the market, where occupancy and rental rates continue to grow due to strong population density and overall demand. Historically, self-storage has remained recession-resistant, outperforming other real estate asset classes. In an analysis conducted by NAREIT, between 1994 and 2018, self-storage had the highest returns over their 10- and 15-year average as compared to five core asset classes: office, multi-family, retail, industrial, and hospitality.

Syndicated Equities recently completed its acquisition of a brand new, free-standing Goodwill retail and donation center leased to Goodwill Industries of North Florida.

The property consists of a 16,446 square foot building located on the Southwest side of Jacksonville, Florida. Goodwill Industries of North Florida occupies 100% of the property pursuant to a new, long term lease with scheduled rent increases. Syndicated believes that the Property will provide investors with consistent cash flow from a tenant that is providing an important service and has a strong financial track record, including maintaining rental payments during the recent COVID-19 shutdown.

Syndicated Equities acquired the property outright and structured the acquisition to accommodate investors completing tax-deferred 1031 exchanges along with accredited cash investors. The structure of the investment is a Delaware Statutory Trust.

For more information please visit www.syneq.com or call (312) 640-9020