CX Texas Industrial, DST
1031 Exchange/DST
The Property is a commercial manufacturing facility for medical devices located in Pearland, Texas, situated between Highway 288 and Beltway 8, and is 100% triple net leased to Merit Medical Systems, Inc. Pearland is home to nearly 60 manufacturers with more than 2,100 employees specialized in industrial services. Pearland is part of the Houston MSA and lies approximately 20 minutes from Houston. The Property is part of Houston’s Southern Industrial Corridor Submarket is composed of nearly 50 million square-feet of industrial space.
Located in Pearland, Texas, the property offers easy access to downtown Houston. This area is well-regarded for its quality educational institutions, world-renowned medical centers, growing life sciences research and development, strong manufacturing and petrochemical industries, and top water port and airport access. The city’s economic and ethnic diversity, affordable cost of living, low taxes, and warm weather will continue to attract new residents.*
Houston has nearly twice the proportion of manufacturing jobs than the average U.S. market. One quarter of Texas’ manufacturing jobs are located in Houston. Houston’s manufacturing GDP of $80 billion is the second-largest among U.S. metros. In Brazoria county, where Pearland is located, manufacturing accounted for more than $5 billion – one third of the county’s GDP. Average annual wages for manufacturing jobs in Brazoria County are more than $113,000,15 almost 5 times the national average.**
*CoStar. Underwriting Report for 14646 Kirby Dr – Merit Medical, 25 May 2021.
**As a share of total employment in the metro in machinery and fabricated metal manufacturing, in 2010 and 2017. https://www.dallasfed.org/research/heart/tables.cfm#houston, 16 Nov. 2018. *For 2018. https://www.nam.org/state-manufacturing-data/2019-texas-manufacturing-facts/, 2019. https://www.bls.gov/regions/southwest/news-release/2018/pdf/areaemployment_houston_20181123.pdf, 23 Nov. 2018. https://comptroller.texas.gov/economy/economic-data/manufacturing/2020/gulfcoast.php, 7 May 2021. *Estimated at $25,431. https://fred.stlouisfed.org/series/MNFCA, 2019.
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 Texas Industrial, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Texas Industrial, 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
Pearland, TX
Overview
The property is a medical research and manufacturing facility for Merit Medical and is located in Pearland, TX.
This offering is closed to new subscriptions. Please contact your financial advisor for more information.