CX Industrial Logistics, DST
1031 Exchange/DST
The Property is a commercial facility that will be used as a last-mile delivery station in Meridian, Idaho, one-mile north of I-84 and 11 miles from the Boise Airport, and is 100% triple-net-leased to Amazon.com Services, LLC and guaranteed by Amazon.com, Inc. Completed in 2022, the facility features approximately 141,360 Net Rentable SF, and was built specifically as a last mile delivery station for Amazon.com Parking capacity includes parking for 682 delivery van spaces equipped with electric vehicle charging stations.
Located in Meridian, Idaho, the Property is situated 1.3 miles from Interstate 84,3 offering easy access to downtown Boise. This area is well-regarded for its high population growth, low industrial vacancy and high demand, and its role as a regional distribution hub connecting coastal ports to larger metros. The city’s affordable cost of living, outdoor amenities, and desirable weather may continue to attract new residents.
The Boise MSA was the fastest growing MSA in the nation by population growth as of the first quarter of 2022. In 2019, the Boise Metro had the fastest rate of net migration of any top 100 largest U.S. Metro. 93% of the migration, on net, is arriving from outside of Idaho. Of the out-of-state movers in 2019, over 60%, on net, is made up of people under 50 years old, and 1 in 3 new residents, on net, is between 20 and 49 years old. In 2021, 29.79% of inbound movers to the state of Idaho had an income that falls between $100,000 to $149,999.
Amazon.com is a multi-national, publicly traded (NASDAQ: AMZN) technology company based in Seattle, Washington. Amazon dominates its respective business segments in e-commerce, cloud computing, and artificial intelligence. A logistics behemoth, Amazon recorded $386 Billion in revenue in 2020, a yearly increase of over $100 Billion, and has 1,622,000 employees around the globe. Amazon Prime, the company’s most well known offering, has 200 Million members who pay monthly for membership benefits that include free one- and two-day shipping and unlimited streaming of online content.
*Ison, Christopher. “MarketBeat: Boise Industrial Q1 2022.” Cushman & Wakefield. 2022, p. 1, https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/boise-marketbeats. Preston, Brooke. “Millennial Migration: Why So Many Young People Are Moving to Boise.” Livability, 10 Jun. 2020, p. 1, https://livability.com/id/boise/where-to-live-now/millennial-migration-why-so-many-young-people-are-moving-to-boise/. BVEP. “Workforce & Demographics.” 2021, p. 1-3, https://www.bvep.org/doing-business-here/in-migration. United Van Lines. “Annual 2021 United Van Lines National Movers Study.” 2022. P. 1-2, https://www.unitedvanlines.com/newsroom/movers-study-2021.
**Wall Street Journal. “Amazon.com, Inc.” 2022, p. 1, https://www.wsj.com/market/data/quotes/AMZN/company-people.Fortune. “Amazon.” 2022, p. 1, https://fortune.com/company/amazon-com/. Curry, David. “Amazon Statistics.” Business of Apps, 2022, p. 1-2, https://www.businessofapps.com/data/amazon-statistics/. Yahoo Finance. “Amazon.com, Inc.” 2022, p. 2, https://finance.yahoo.com/quote/amzn/profile/. Curry, David. “Amazon Statistics.” Business of Apps, 2022, p. 1-2, https://www.businessofapps.com/data/amazon-statistics/. Amazon. “Our facilities.” 2022, p. 1, https://www.aboutamazon
There are risks associated with participating in the offering. An investment in the Trust is speculative and illiquid, and involves significant risks, including the possibility of losing all invested capital. This material does not constitute an offer to buy or sell any securities and is authorized for use only when accompanied by the Confidential Private Placement Memorandum of CX Industrial Logistics, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Industrial Logistics, DST offering and qualifications and assumptions regarding forward-looking information. The information set forth herein is qualified in its entirety by the Memorandum. No person will be permitted to invest without acknowledging that they received the memorandum and completed their review including, but not limited to, the risk factors contained therein. Securities are being offered through Orchard Securities, LLC, member FINRA/SIPC. Orchard Securities and Carter Exchange are not affiliated
Company
Carter Exchange
Location
Boise, ID
Overview
The property is an Amazon Warehouse used as a last-mile delivery station located in Meridian, ID, an area with a strong industrial market and one of the highest occupancy rates in the country.
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