Critical Infrastructure I, DST
100 E 8th St, Chillicothe, OH 45601
The Chillicothe Mill is a landmark industrial facility located just southwest of Columbus, Ohio within a ±500-acre industrial campus, of which the DST owns ±67 acres with ±2.8 million sq. ft. of improvements featuring extensive rail connectivity, large natural gas lines, steam generation, and fiber optic connectivity. It is one of the most significant industrial campuses in North America, well positioned for adaptive reuse at a fraction of the replacement cost. US Medical Papermill LLC (USMP), an affiliate of U.S. Medical Glove Company LLC (USMGC), will reposition the facility into a modern, diversified industrial campus with planned uses including high-tech glove production lines and modernized paper and packaging manufacturing.
$18,645,494
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Deal Highlights
- Vertically Integrated Sponsor
- Fully Leased Industrial Asset
- Long-Term Absolute NNN Lease
- Debt-Free Offering
- Established Industrial Infrastructure
- Large-Scale Industrial Campus
- Domestic Manufacturing Facility
Vertically Integrated Sponsor
CAI Investments, LLC is a vertically integrated real estate development and investment company with ~$1.5 billion AUM and over 5.6 million SF under management.
Fully Leased Industrial Asset
The Property consists of approximately 2.8 million square feet and is 100% leased to US Paper Mill, LLC, providing contractual income backed by a long-term lease.
Long-Term Absolute NNN Lease
The tenant has signed a 25-year Absolute NNN lease with 2.0% annual rent increases, providing long-term income stability.
Debt-Free Offering
This DST is structured as an all-cash, debt-free offering.
Established Industrial Infrastructure
The Property includes extensive infrastructure such as steam production capacity, high-volume natural gas lines, fiber connectivity, and on-site rail access.
Large-Scale Industrial Campus
The Property is located within a ±500-acre industrial campus and includes approximately ±67 acres of land and ±2.8 million square feet of improvements.
Domestic Manufacturing Facility
The tenant is converting the facility to support nitrile glove and glove box manufacturing within the United States.
Property Details
- Offering Size: $91,865,169
- Minimum Purchase: $100,000
- Lease Term: 25
- Structure: NNN
- Tenant: US Papermill, LLC
Sponsor Documents
Management
TEAM
CAI Investments, LLC (“CAI”) is a vertically integrated real estate development company headquartered in Las Vegas, NV. Founded in 2011 by Christopher Beavor, CAI finances, develops, and manages commercial properties in growing markets across the United States. Its primary focus is to find quality assets in desirable locations while working with national brands to add value to its clients. CAI’s current portfolio includes industrial, hospitality, office, quick service restaurants, and multifamily assets. CAI’s mission statement is “Developing Trust Through Transparency and Vision.”
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1031 Risk Disclosure:
- There is no guarantee that any strategy will be successful or achieve investment objectives;
- Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments;
- Change of tax status – The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities;
- Potential for foreclosure – All financed real estate investments have potential for foreclosure;
- Illiquidity – Because 1031 exchanges are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
- Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions;
- Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits