Smart Asset Capital

Appleton industrial building Appleton industrial building Anita industrial building

SAC Industrial Fund II · Investment opportunity

Appleton, Wisconsin

Appleton, Wisconsin Industrial

17%Investor IRR

Projected investor IRR of 14% to 17%, by commitment tier. Not guaranteed.

A long, low building in Appleton, with a row of loading docks across the front.

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Which of these describes you?
Appleton, Wisconsin industrial building from above

Built around the loading docks.

SAC Industrial Fund II buys Class-B warehouse, distribution and light manufacturing buildings across the Midwest, typically 20,000 to 200,000 square feet. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

Buildings with tenants already in.

Smart Asset Capital focuses on buildings with proven tenancy and existing income, and a substantial portion of its portfolio was bought off-market. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

A net lease, in Oak Creek.

Under a net lease, the tenant pays some or all of the property taxes, insurance and maintenance on top of rent. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

Midwest buildings, established submarkets.

Every deal passes a buy-box check, a rent, vacancy and interest-rate sensitivity test, and Investment Committee approval, typically $2M to $10M a deal. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

High clear heights, little office.

Warehouse, distribution and light manufacturing, with high clear heights and limited office space. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

Paid from operating cash flow.

SAC Industrial Fund II pays quarterly from operating cash flow, plus a pro rata share of sale profits as buildings sell. Every investor receives a K-1.

The lower-middle market.

Class-B industrial across the Midwest, typically $2M to $10M a deal. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

Returns scale with commitment tier.

The fund targets a 14% to 17% projected investor IRR, again by tier, with quarterly distributions from operating cash flow and a K-1 for every investor.

$80M+ in assets managed.

Smart Asset Capital manages more than $80 million in assets and over 1 million square feet for more than 100 investors. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

The Founders Round.

At $1M or more by December 31, the Founders Round terms apply: a 9% preferred return, 85/15 profit sharing and a 1.50% management fee. Terms are illustrative and subject to the fund's final LPA.

Four Midwest industrial buildings.

Wauwatosa, beside the rail line. Appleton, a row of loading docks. Oak Creek, 76,000 square feet. Anita, Iowa, among the farm fields. The preferred return is 7% to 9% by commitment tier, with quarterly distributions from operating cash flow, at a $100,000 minimum.

Class-B industrial, explained.

In Wauwatosa the buildings run along the rail line; in Appleton, trailers back into the loading docks. Under a net lease, the tenant pays taxes, insurance and maintenance on top of rent.

Over 1 million square feet.

Smart Asset Capital manages over 1 million square feet for more than 100 investors. Distributions are paid quarterly from operating cash flow.

Move up one tier, for life.

Commit by then and you move up one tier for the life of the fund. At $1M or more, that means a 9% preferred return and 85/15 profit sharing. Terms are illustrative and subject to the fund's final LPA.

Smart Asset Capital owns and operates lower-middle market industrial real estate across the Midwest, with a portfolio of more than 1 million square feet. SAC Industrial Fund II continues the same Class-B strategy.

You invest. Smart Asset Capital runs the buildings.

How it works

  1. Buys. Class-B warehouse, distribution and light manufacturing buildings across the Midwest, typically 20,000 to 200,000 square feet, with proven tenancy and existing income.
  2. Checks. Every deal passes a buy-box check, a rent, vacancy and interest-rate sensitivity test, and Investment Committee approval.
  3. Leases. Under a net lease, the tenant pays some or all of the property taxes, insurance and maintenance on top of rent.
  4. Manages. Property and asset management stay in-house, and a substantial portion of the portfolio was bought off-market through local brokers and owners.

The fund.

14% to 17%projected investor IRR, by commitment tier, not guaranteed

7% to 9%preferred return, by commitment tier

Quarterlydistributions from operating cash flow, plus sale profits as buildings sell

$100,000minimum. Rule 506(c), accredited investors only. K-1 to every investor

The Founders Round.

Commit by December 31, 2026 and your terms move up one tier for the life of the fund. At $1M or more by that date, the Founders Round terms apply: a 9% preferred return, 85/15 profit sharing and a 1.50% management fee. Terms are illustrative and subject to the fund's final Limited Partnership Agreement.

The team.

Geoff Stuhr

Geoff StuhrManaging Partner, Smart Asset Capital

A Milwaukee-based firm managing more than $80 million in assets and over 1 million square feet of property, for more than 100 investors.

See if it applies to you.

Accredited investors only. No obligation. Four quick questions, then pick a time for a 30 minute call.

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