August 9, 2018
Capital Square 1031, a sponsor of Delaware statutory trust investments, has fully subscribed CS1031 California MOB I DST, an offering comprised of a newly constructed dialysis clinic near Bakersfield, California. The program had 16 investors.
“The dialysis clinic was purchased all cash, providing investors the opportunity to own quality real estate without any mortgage debt,” said Louis Rogers, founder and chief executive officer. “An increasing number of Capital Square’s investors prefer debt-free real estate investments that do not have mortgage repayment risk.”
Located in Tehachapi, California, the dialysis clinic is 100 percent leased for 15 years on an absolute net basis to Sanderling Renal Services. The property is situated on a half-acre of land that is located less than one mile from the newly-developed, $100 million Adventist Health Tehachapi Valley Hospital.
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