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Capital Square 1031 fully subscribes DST offering
Other - AUGUST 9, 2018

Capital Square 1031 fully subscribes DST offering

by Released

Capital Square 1031, a sponsor of Delaware statutory trust investments, announced that CS1031 California MOB I, DST, comprised of a newly-constructed dialysis clinic near Bakersfield, Calif., has been fully subscribed by a total of 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. This is another successful debt-free investment sponsored by Capital Square in a recession-resistant medical building that is well positioned for long-term success.”

Located at 711 Valley Blvd. in Tehachapi, 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 strategically located less than one mile from the newly-developed, $100 million Adventist Health Tehachapi Valley Hospital.

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