CSRA Chicago Parking I, DST
Net lease with parking operator provides stable cash flow with annual escalations. Parking revenues tend to remain stable during recessionary periods. No tenant improvement allowance required to attract a parking operator. No leasing commissions when entering into a lease with a parking operator. Typically low capital expenditure requirements in parking facilities. Ability to adjust rates hourly creates a potential hedge against inflation. No reliance on a single source of revenue – numerous monthly and transient customers. Population growth drives vehicle registrations, increasing demand for parking
Consider the Risks An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:
- There are various risks associated with owning, financing, operating, and leasing commercial properties in Illinois.
- The Interests do not represent a diversified investment.
- Beneficial Owners must completely rely on the Master Tenant to collect the rent and operate, manage, lease, and maintain the Property.
- The Beneficial Owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
- There are various conflicts of interest among the Trust, the Sponsor, the Signatory Trustee, and their Affiliates.
- The Interests are illiquid.
- There are tax risks associated with an investment in the Interests.
- There are risks related to competition from properties similar to and near the property.
- There may be environmental risks related to the property.
CSRA Chicago Parking I, DST is comprised of two parking garages located in densely populated and heavily trafficked districts of downtown Chicago