Featured Recent Transaction:
BNSF Railway Company
Lessee: BNSF Railway Company
Date: March 2015
Location: Dayton, Texas
Property Size: 380,160 lineal rail feet situated on 192 acres of land
Lease Term: Approximately 19 years remaining on initial 20-year lease term
With its wealth of tax and accounting expertise, CRIC2 Funds successfully structured and closed the acquisition of a railway logistics facility net leased to BNSF Railway Company which paralyzed other net lease investors. The property, which was specially built for BNSF Railway beginning in 1997 and expanded five times since then, serves as a warehousing and logistics facility for BNSF’s petrochemical customers to transport petrochemical products to customers across the U.S. The property consists of 192 acres, including 187.2 acres of rail-yard, 3.3 acres housing the operations building, and a 1.3-acre septic field. The rail-yard, consisting of 78 tracks, provides storage spaces for 4,700 railcars.