Cove Capital Investments, a Delaware statutory trust sponsor company specializing in providing accredited investors with debt-free options for 1031 exchanges and direct cash investments, announced the establishment of the Cove Essential Net Lease Industrial 114 DST, a Regulation D, Rule 506(c) offering that is targeting $12.1 million in equity.
The property, located in Mobile, Ala., is a 23,018-square-foot, build-to-suit industrial distribution facility serving as a product exchange center for a best-in-class operator and a division of a multinational food and beverage corporation. The asset features a recently executed 10-year net lease.
The Cove Essential Net Lease Industrial 114 is positioned directly along Interstate 65 with immediate connectivity to Interstate 10, two of the most critical freight corridors in the United States. Additionally, the property benefits from its proximity to the Port of Mobile. The Alabama Port Authority is currently completing a signifi
