PHOENIX, August 3, 2021 / PRNewswire / – Capital Square 1031, a major sponsor of Delaware Statutory Trust Offerings (DST) for 1,031 exchanges and other accredited investors, today announced the acquisition of a 15,286 square foot medical office building in the Phoenix suburb of Gilbert, Arizona. The medical practice building was acquired in the name of CS1031 MOB AZ I, DST, a Reg. D private placement.
“The medical properties have proven to be outstanding performance over the past decade,” said Louis roger, Founder and CEO of Capital Square. “With a strong tenant, an excellent location, and a desirable net lease structure, this should be another successful DST medical investment for Section 1031 stock and cash investors across the country.”
Located at 838 West Elliot Road, the purpose-built facility is home to a growing private medical practice, Comprehensive Integrated Care, which signed a 15-year triple net lease to May 2021. Under a triple net lease, the tenant is solely responsible for the costs of operating the property, insurance and property taxes.
Founded in 2013, Comprehensive Integrated Care (CIC) is a multi-specialty clinic with highly trained endovascular specialists who perform minimally invasive procedures. CIC says this approach offers less risk, less pain, and faster recovery times than traditional surgery. Conditions such as peripheral artery disease, varicose veins and an enlarged prostate can be treated with this approach. Local doctors consult with CIC specialists to provide comprehensive care to their patients.
CS1031 MOB AZ I, DST looking to increase $ 5.817 million in equity of qualified investors and has a minimum investment of $ 50,000.
“We are experiencing a significant population migration to Phoenix region, where there is a lower cost of living, a government friendly environment and an overall better quality of life, ”said Whitson Huffman, chief strategy and investment officer. “Comprehensive Integrated Care benefits from this location because of this growing local population in need of medical care.”
Chris Lind, Senior Vice President, Investments at Marcus & Millichap’s Phoenix office, represented the seller in the transaction. Marcus & Millichap is a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services.
Since its founding in 2012, Capital Square has acquired 132 real estate assets for more than 3,000 investors looking for quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.
About Place de la Capitale
Capital Square is a national real estate company specializing in tax-advantaged real estate investments, including Delaware Statutory Section 1031 Trade Trusts; and Opportunity Zone Funds qualified for tax deferral and exclusion. Since 2012, Capital Square has achieved more than $ 3 billion in volume of transactions. The Capital Square management team has decades of experience in real estate investments. Its founder, Louis roger, has structured hundreds of investment offers totaling more than $ 5 billion. The entities related to Capital Square provide a range of services, including due diligence, acquisition, loan research, property / asset management and divestiture, to a growing number of high net worth investors, private equity, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the country for four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense’s list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business in its “Best Places to Work.” Virginia“in 2019 and their” Fantastic 50 “reports in 2019 and 2020. To learn more, visit www.CapitalSquare1031.com.
Disclaimer: Securities offered by WealthForge Securities, LLC, member of FINRA / SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are significant risks associated with investing in DST properties and real estate titles, including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, risk of interest rates, the risk of a new offering entering the market and falling rental rates, the general risks of owning / operating commercial and multi-family properties, short-term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, prolonged holding periods and a potential loss of all of the capital of the investment. Past performance is no guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to view any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying particular attention to the risk section before investing. Diversification does not guarantee profits or protect against losses.
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SOURCE Place de la Capitale 1031