Midland ZCF Property - Ideal 1031 Exchange
Readily Assumable Below Market Debt. Benefits from 99yr NNN Ground Lease to Credit Grade Tenant.
Marketing description
Zero Cash Flow (ZCF) Structured Opportunity
Link to Website: https://www.midlandzcf.com/
This offering is for the fee simple sale of land benefiting from a 99-year Absolute NNN ground lease to an investment grade tenant.
Priced at 16% over the debt, this asset is being offered with 35-year (32 years remaining) assumable, fixed-rate, high-leverage, non-recourse financing, making this an ideal asset for low-equity 1031 exchange buyers. The zero-cash flow structure also allows for a pay-down/re-advance feature, enabling 1031 buyers to match the debt and equity precisely. Additional mezzanine debt is also available.
The 1.38-acre property sits beneath a 149,000 SF, 12-story Class A office building and an adjoining 7-story parking garage in the heart of downtown Midland, Texas. Midland is the fastest-growing economy among the 100 largest midsize cities in the country.
Exclusively Listed by:
Michael George
(206)513-3664 | [email protected]
Jon Nesbitt
Investment highlights
Ideal Asset For 1031 Exchange Buyers
Low Equity 1031/1033 Exchange Buyers - The low 16% equity over the debt required to purchase this asset allows for an exchange out of a high LTV property without needing to secure new debt under today's challenging lending conditions.
Low Basis Exchange Buyers - The Paydown/readvance feature enables a buyer, with modest leverage or all cash, to precisely match their debt and equity requirement and have the excess equity readvanced to them per the loan agreement.
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