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12 Years remaining on a net lease. |
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September, 2006 sales of over $12.8 billion and gross income of over $3.3 billion. |
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Tyco is a global company doing business in over 100 countries in numerous industries. |
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Property is well located in Eatontown, New Jersey, about 50 miles south of New York City. |
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The purpose of this Confidential 1031 Exchange Opportunity is to provide a summary of a possible property exchange. This is not an offer to sell real estate and/or any type of security, partnership interest, public or otherwise.
The contemplated exchange, if made available formally, would provide investors with the opportunity to acquire a partial interest in a 138,000 square foot office/research and development facility located in Eatontown, New Jersey. The building is 100% net leased to Tyco Submarine Systems, Ltd. and guaranteed by Tyco Electronics Group S.A., a diversified worldwide manufacturing and service company. Bradley Associates and National Equity Trust are purchasing this facility and Tyco has 12 years remaining on a non-cancellable net lease.
The property is being acquired for $49,906,508. Allstate Insurance Company is providing first mortgage financing in the amount of $34,000,000. The 7-year mortgage is interest only at a rate of 5.65%.
 Tyco International Ltd. operates in all 50 U.S. states and over 100 countries throughout the world. Critical infrastructure components in many countries and municipalities have been designed, constructed, and managed by Tyco companies. Tyco fills an incredibly wide range of the many diversified needs of businesses and governments, educational and medical institutions, and commercial industries ranging from food to automobiles. Tyco is in the process of dividing the company into three separate companies consisting of Healthcare, Electronics, and Fire and Security and Engineered Products and Services. This property will be guaranteed by the newly formed Tyco Electronics Group S.A.
 Tyco Electronics is the world's largest supplier of passive electronic components and a major producer of active components. Their products can be found in computers, telecommunications equipment, industrial machinery, aerospace and defense applications, automobiles, household appliances and consumer electronics. Tyco Electronics employs nearly 100,000 people in 54 countries. Their product catalogue includes over 320,000 unique products.
 Tyco Electronics is a global leader in automotive, general-purpose, high-performance and telecom relays; featuring such well-known brands as P&B, Schrack, CII and Axicom. They have pioneered new signal- and power-level relays for automotive, telecom and industrial applications. Their high performance products include contactors for aerospace and high-voltage relays for spacecraft.
Tyco International generated approximately $40.9 billion in revenues for the fiscal year ending September 29, 2006, with a net income of over $3.7 billion. As of December 29, 2006, Tyco had total assets of $63.6 billion and shareholder’s equity of over $35.8 billion. For fiscal year 2006, the Tyco Electronics Group had net sales of over $12.8 billion and gross income of over $3.3 billion. In the United States, their income from operations is $1.4 billion and has total assets of over $19.2 billion. Tyco is currently trading on the NYSE as one company under the ticker symbol TYC until the reorganization is completed. More information regarding Tyco may be found by visiting www.tyco.com and www.tycoelectronics.com.
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