Dwight Kay and Chay Lapin, Founders of Cove Capital Investments, Announce the Acquisition of a Small Bay Industrial Asset in San Antonio, TX, to be Included in the Cove Texas Small Bay 85 DST
Txylo.com/10294209
Trending...
- Governor Abbott Announces Mexia Designated Music Friendly Texas Certified Community
- Contact Levi & Korsinsky by December 6, 2024 Deadline to Join Class Action Against Iris Energy Limited(IREN)
- Los Defensores Joins ABC13's Share Your Holidays Food Drive to Support Houston Families
LOS ANGELES, Nov. 26, 2024 ~ Cove Capital Investments, LLC, a Delaware Statutory Trust sponsor company, has recently announced the successful completion of their purchase of a Small Bay Industrial Asset in San Antonio, Texas. This acquisition will be included in the Cove Texas Small Bay 85 DST, a Regulation D, Rule 506(c) offering with a target raise of $15,374,450.00.
According to Dwight Kay and Chay Lapin, Founders of Cove Capital Investments, this property was purchased as part of their growing portfolio of debt-free Delaware Statutory Trust real estate assets for 1031 exchange and direct cash investors. Currently, Cove Capital Investments boasts a national portfolio of 107 Delaware Statutory Trust properties.
The asset in question is a 68,400 square foot property constructed in 2000. It has a dedicated tenant base with an average tenure of 9.8 years and a Weighted Average Lease Term (WALT) of over 5.4 years. "This is an opportunity for accredited investors to invest in a fully leased multi-tenant flex/industrial asset located in the highly sought-after northwest submarket of San Antonio," said Kay.
Located just one-third of a mile west of IH-10 and less than two miles from the IH-10 and Loop 1604 intersection, the property benefits from prominent visibility and exposure to over 33,000 vehicles per day.
More on Txylo.com
"We are thrilled to introduce another debt-free DST real estate investment option with the Texas Small Bay 85 Flex DST," said Chay Lapin. "This offering provides high demand flex/industrial space that is rarely available in this desirable submarket. The average rents at this property are considerably below market rates which gives us the potential opportunity to increase rents as leases roll over. Our debt-free strategy is perfectly suited for this type of asset and we are grateful for this opportunity not only for our investors but also for ourselves as Dwight and I will be personally investing in this asset," added Lapin.
Similar to their other real estate acquisitions, the Cove Texas Small Bay 85 Flex DST was acquired with 0% leverage. This allows investors to potentially mitigate risk by investing in a debt-free DST offering with no risk of lender foreclosure or lender cash flow sweeps.
"This investment showcases our commitment to acquiring quality assets in strategic locations that provide investment potential for our investors," said Kay. "We are excited for our ownership period and honored to add this location to our portfolio of over 2.6 million square feet," he added.
With their dedication to acquiring debt-free assets in prime locations, Cove Capital Investments continues to provide attractive investment opportunities for their investors. The addition of the Small Bay Industrial Asset in San Antonio, Texas further strengthens their portfolio and solidifies their position as a leading Delaware Statutory Trust sponsor company.
According to Dwight Kay and Chay Lapin, Founders of Cove Capital Investments, this property was purchased as part of their growing portfolio of debt-free Delaware Statutory Trust real estate assets for 1031 exchange and direct cash investors. Currently, Cove Capital Investments boasts a national portfolio of 107 Delaware Statutory Trust properties.
The asset in question is a 68,400 square foot property constructed in 2000. It has a dedicated tenant base with an average tenure of 9.8 years and a Weighted Average Lease Term (WALT) of over 5.4 years. "This is an opportunity for accredited investors to invest in a fully leased multi-tenant flex/industrial asset located in the highly sought-after northwest submarket of San Antonio," said Kay.
Located just one-third of a mile west of IH-10 and less than two miles from the IH-10 and Loop 1604 intersection, the property benefits from prominent visibility and exposure to over 33,000 vehicles per day.
More on Txylo.com
- Texas: Governor Abbott Appoints Fletcher To Board Of Pardons And Paroles
- NEW RELEASE: Dark Woods Rising by A J Dalton
- Burrows Cabinets Launches Slim Shaker Doors in 19 Color Options
- Crunch Fitness Franchise Unveils Its First 3.0 Gym Design with the Opening of Crunch East Plano
- Youth Group Makes History as First Visitors to National Electronics Museum
"We are thrilled to introduce another debt-free DST real estate investment option with the Texas Small Bay 85 Flex DST," said Chay Lapin. "This offering provides high demand flex/industrial space that is rarely available in this desirable submarket. The average rents at this property are considerably below market rates which gives us the potential opportunity to increase rents as leases roll over. Our debt-free strategy is perfectly suited for this type of asset and we are grateful for this opportunity not only for our investors but also for ourselves as Dwight and I will be personally investing in this asset," added Lapin.
Similar to their other real estate acquisitions, the Cove Texas Small Bay 85 Flex DST was acquired with 0% leverage. This allows investors to potentially mitigate risk by investing in a debt-free DST offering with no risk of lender foreclosure or lender cash flow sweeps.
"This investment showcases our commitment to acquiring quality assets in strategic locations that provide investment potential for our investors," said Kay. "We are excited for our ownership period and honored to add this location to our portfolio of over 2.6 million square feet," he added.
With their dedication to acquiring debt-free assets in prime locations, Cove Capital Investments continues to provide attractive investment opportunities for their investors. The addition of the Small Bay Industrial Asset in San Antonio, Texas further strengthens their portfolio and solidifies their position as a leading Delaware Statutory Trust sponsor company.
Filed Under: Business
0 Comments
Latest on Txylo.com
- Iris Energy Limited Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - IREN
- Excel TeKay LLC Publishes "Intro to Cybersecurity: Guide for Beginners" book
- Big News!! Best Sac Homes Group Partners with LPT Realty
- Juventix Regenerative Medical PRP Highlighted in University-Published Research Study
- Texas: Governor Abbott Activates State Emergency Response Resources For Potential Flash Floods
- Central Texas Solar Helps Family Left in Overwhelming Debt
- Governor Abbott Congratulates Amarillo As Tourism Friendly Texas Certified Community
- Governor Abbott Announces Film Friendly Texas Designation For Castroville
- Dale Sorensen Real Estate Names Donna Browning Vice President of Sales, Announcing Her Return to the Company
- Dr. Barrie Matthews of Big Sky Smile Center Speaks at the Full Arch Growth Conference, Inspiring Dentists Nationwide
- "You Are the Cure": Zeynep Unal's Empowering New Book on Trauma Recovery and Inner Strength
- Sanger's Christmas on the Square Returns with Holiday Magic for All
- Zilla Security Celebrates Record-Breaking Year with Unprecedented Growth, Industry Innovation, and Strategic Leadership Hire
- Texas: Governor Abbott Appoints Five To State Independent Living Council
- John Henderson Celebrates 30 Years of Service with the City of Sanger
- Dr. Sathish Palayam Speaks at the Full Arch Growth Conference, Sharing Insights to Revolutionize Patient Care!
- Louisiana Gastroenterology Associates Becomes Preferred Employer Partner For Remington College
- Donors and Recipients of Nashville Chopin's Metro School Piano Donation Program Announced
- Network for Good / Bonterra's Abhorrent Behavior Leaves Nonprofits in the Lurch
- Iris Energy Limited Sued for Securities Law Violations - Contact The Gross Law Firm Before December 6, 2024 to Discuss Your Rights - IREN