CHARLOTTE, N.C. (February 14, 2019) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today that CS1031 Carolina Industrial, DST, comprised of a corporate headquarters and manufacturing facility located in the Charlotte suburb of Mooresville, North Carolina, has been fully subscribed in record time by a number of Section 1031 exchange investors.
Located at 110 Barkley Park Lane, the Class-A 151,000-square-foot facility serves as the corporate headquarters for Carolina Beverage Group, a world-class co-packing producer for national and international beverage brands. The company focuses on co-packing specialty-sized cans, plastic bottles and glass containers for well-known beverage brands, including Monster Energy, Red Bull, Rockstar, Pepsi, Spindrift and more.
“The Carolina Beverage headquarters and manufacturing facility, which is 100 percent leased to a quality tenant on an absolute net basis, is a very attractive investment for Section 1031 exchange investors,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “This property delivers on Capital Square 1031’s mission – to provide exceptional tax-advantaged real estate investments.”
“This offering featured not only an outstanding tenant, but also fantastic real estate. Located in the Charlotte MSA, the property is well positioned to benefit from the strong economic growth in the area and tailwinds in the industrial sector. Furthermore, the long-term lease with 18 years of remaining term will generate consistent cash flow for our investors during the holding period,” said Whitson Huffman, vice president of acquisitions.
Capital Square has acquired 73 properties for more than 1,300 investors seeking quality replacement properties that qualifies for tax deferral under Section 1031 of the Internal Revenue Code since its founding in fall 2012.
About Capital Square 1031
Capital Square 1031 is a national real estate investment and management company that sponsors institutional-quality real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. The company acquires multifamily properties for growth, necessary medical properties for stable income, and other real estate investments (sale/leasebacks, headquarters, offices and facilities) that have the potential to provide exceptional risk adjusted returns. By acquiring a portfolio of DSTs, investors are able to diversify and reduce the risk they would face with a single asset investment. Capital Square aims to provide real estate investors greater access to quality investments and financial planning tools to better manage and mitigate risk.
Capital Square provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since inception, the firm has sponsored 54 DSTs and has completed approximately $1.02 billion in transaction volume. To learn more, visit www.CapitalSquare1031.com.