Overview

Asset class Real Estate
Property type Industrial
Current value $87,400,000
Acquisition price $82,600,000
Total appreciation $4,800,000
Rental yield 7.0%
Occupancy rate 96.0%
Fund
FNTVS Income eREIT
1 / 1

Performance

+5.8% Total Appreciation
$4,800,000 Appreciation Value
$6,100,000 Annual Rental Income
7.0% Rental Yield
Property Value Performance
Acquisition: $82,600,000
Current: $87,400,000
Total Appreciation: +5.8%
Holding Period: 37 months

Financial Details

Investment Overview
Acquisition price $82,600,000
Current market value $87,400,000
Total appreciation $4,800,000
Appreciation percentage +5.8%
Cash Flow Analysis
Annual rental income $6,100,000
Operating expenses $1,480,000
Net operating income $4,620,000
Net cash flow $4,620,000
Rental yield 6.98%
Cap rate 5.3%
Cash-on-cash return 5.59%
Risk Metrics
Debt-to-value ratio 0.0%
Occupancy rate 96.0%
Holding period 37 months
Return Breakdown
Rental income yield 7.0%
Appreciation contribution 5.8%
Cash yield 0.0%
Total return 12.8%

Property Information

Basic Information
Property type Industrial
Property class Class A
Location Litchfield Park, AZ
Acquisition date Apr 10, 2023
Status Active
Income producing Yes
Physical Characteristics
Total square footage 570,080 sq ft
Rentable square footage 570,080 sq ft
Number of units 1
Number of floors 1
Year built 2023
Price per sq ft $153.31
Investment Strategy
Strategy type Value Add
Projected exit date Apr 2030
Fund ownership 100.0%
Key Metrics
Cap rate 5.3%
Cash flow $4,620,000
Debt-to-value 0.0%
Units 1
Square footage 570,080 sq ft
Rent per sq ft $10.70/yr
Investment Thesis

FNTVS acquired the Industrial Litchfield Park asset as part of its strategy to capitalize on continued growth in Sunbelt industrial real estate and the increasing demand for modern logistics facilities near Phoenix. The property’s location near Loop 303 and Northern Parkway provides efficient access to major Western U.S. markets including Los Angeles, Las Vegas, Salt Lake City, and central Phoenix, making it highly attractive for warehouse and distribution tenants. FNTVS appears to be targeting long-term rental income growth alongside asset appreciation driven by limited industrial supply, continued population growth in Arizona, and sustained expansion of e-commerce and last-mile distribution demand.

Location

7421 N Reems Rd

Litchfield Park, AZ 85340, US

Full Address

7421 N Reems Rd
Litchfield Park, AZ 85340

Property Type

Industrial - Class A

Year Built

2023

Property Size

570,080 sq ft

Amenities & Features

Property Amenities

ESFR fire suppression system
Trailer parking and loading docks
Immediate access to Loop 303 corridor

Key Investment Features

Class A warehouse/distribution facility
Located near major Phoenix logistics routes
Approximately 570000 SF industrial footprint
Strong e-commerce and last-mile delivery positioning
Modern high-clear warehouse configuration
Access to Western U.S. distribution markets

Our strategy

Real Estate Investment Strategy

Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation

  • Expected variability of return: Low to Moderate
  • Timing of expected return: Quarterly distributions from rental income
  • Primary expected source of returns: Rental income and property appreciation
  • Asset focus: Income-generating properties in growing markets
  • Geographic strategy: Diversified across major metropolitan markets
  • Property management: Professional third-party management with institutional oversight
More about our real estate strategy

This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Real estate strategy icon

Fund information

FNTVS Income eREIT

Open Real Estate Fund

The Income eREIT is designed to generate current income by acquiring and managing income-producing real estate.