Cove Capital Investments has bought of a newly constructed Industrial Distribution Center in Richlands, VA. The purchase is the firm’s Net Lease Distribution 66 DST, a Regulation D, Rule 506(c) offering that is targeting to raise $3.82 million.
The facility is strategically located adjacent to Highway 460, which runs through Richlands’ central location, allowing transportation to Charlotte, N.C.; Knoxville, Tenn.; Lexington, Ky.; and Charleston, W.V., each within a four-hour commute.
“The newly constructed distribution warehouse maintains the ability to further expand the facility with additional square footage in the future, making this property an ideal target for the DST offering,” said Dwight Kay, managing member and founding partner of Cove Capital Investments
Cove’s Net Lease Distribution 66 DST seeks to raise approximately $3.8 million in equity from accredited investors with a minimum investment requirement of $25,000.