Cove Capital Investments has announced an acquisition of a small-bay industrial asset in San Antonio as part of its debt-free Delaware Statutory Trust real estate portfolio. Cove Capital currently has 107 DST properties in its portfolio.
This property holds a consistent tenant base, with an average tenure of 9.8 years and 68,400 square feet of occupied space. It is close to multiple prominent highways, offering prominent visibility to more than 33,000 cars a day.
"We are excited to introduce another debt-free DST real estate investment option. The Texas Small Bay 85 Flex DST offers high demand flex/industrial space that rarely becomes available in this sought-after submarket," said Chay Lapin, managing member and founding partner of Cove Capital Investments, in a statement. "Average rents at the property are considerably below market rents providing us the potential opportunity to raise rents to market as leases roll. Our debt-free strategy is the perfect fit for this
