Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has purchase an approximately 150,000-square-foot Class A corporate headquarters office building located in the Charlotte, North Carolina suburb of Fort Mill, South Carolina. The company acquired the property for a DST offering for an undisclosed price.
Located at 8106 Calvin Hall Road, the three-story facility is situated on approximately 19 acres of land. The property is 100 percent leased on a triple net basis to CompuCom Systems Inc. with 14 years remaining on the lease. CompuCom is a wholly-owned subsidiary of Office Depot Inc. and provides end-to-end managed services, technology and consulting to enable the digital workplace for enterprise, midsize and small businesses.
“This is a very modern, well-located digital campus that was completed in 2017 and awarded the 2018 Office Project of the Year by the Charlotte Business Journal,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “The building has a state-of-the-art design with features that provide a showcase for clients and attracts top technology professionals to the company.”
Capital Square noted that CompuCom’s clients include seven of the top 10 retailers in North America, six of the top 10 Fortune 500 companies, and six of the top 10 financial services firms.
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