Keystone acquires Walgreens Call Center in Orlando, FL

Orlando, FL Keystone National Properties (KNPRE), a real estate and private equity firm that specializes in impact and tax advantaged investment opportunities for accredited investors, has acquired a Walgreens Call Center for their next DST offering - Keystone 1031 Orlando Office. The facility was acquired for $32.5 million. The cash flow generated from the 134,000 s/f facility seeks to help exchange investors generate income potential while deferring their capital gains and preserving capital.

The call center is one of only four facilities nationwide used by Walgreens. The Center has on-site pharmacists available to talk with customers. The property is located within SouthPark Center.

The property’s location offers access to all of metro Orlando and regional access to all Florida population centers via Interstate 4 (East-West Florida coverage), Florida’s Turnpike, and local highways 417 (GreeneWay) and 528 (Beachline) that provide access to Interstate 75 (North-Southwestern Florida coverage) and Interstate 95 (North- Southeastern Florida coverage).

“Our team has found a property that we believe will deliver value for Exchange investors,” said Mike Packman, founder & CEO. “Given the current environment, we decided to pivot from our previous net leased retail property portfolios and focus on single property acquisitions. We stayed true to our investment philosophy of what we feel are nationally recognized brands, credit tenants, and top markets to help investors defer their capital gains tax, preserve capital, and receive potential cash flow.”

Since entering the DST space in 2021, Keystone has raised over $33 million and has approximately $100 million in assets under management. Since inception, Keystone has raised some $150 million over all their tax-advantaged and impact real estate investment offerings.