Capital Square 1031, a sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of a 15,286-square-foot medical office building in the Phoenix suburb of Gilbert, Arizona. The acquisition is on behalf of a DST investment offering that seeks to raise $5.8 million in equity from accredited investors.
The purpose-built facility is home to a growing private medical practice, Comprehensive Integrated Care, which executed a 15-year triple net lease in May 2021. Under the terms of a triple net lease, the tenant is solely responsible for the property’s operating expenses, insurance and real estate taxes. Read more.
