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Capital Square Realty Advisors Completes 7-Building DST Offering

Capital Square Realty Advisors LLC announced that its Delaware statutory trust offering, CSRA Komar Desert Center DST, comprised of a seven-building retail center in Southern California, has been fully subscribed by investors.

Komar Desert Center is located at 79705 – 79845 Highway 111, approximately three miles south of Interstate 10, connecting the Coachella Valley to Los Angeles by traveling west, and Phoenix by traveling east. The 77,466-square-foot property was constructed in 2008 on 9.3 acres of land and is approximately 92 percent leased. Komar Desert Center has 429 parking spaces, or a ratio of 5.5 spaces per 1,000 square feet. Major tenants include Starbucks, BevMo!, Burgers and Beer, Toda Moda, Souplantation and Mimi’s Café.

“Komar Desert Center is a daily needs shopping center with the advantage of an excellent location in an affluent area along the highly trafficked Highway 111 corridor,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. “We couldn’t be more pleased this DST investment is fully subscribed and are enthusiastic about providing a variety of DST opportunities for Capital Square’s investors. With the economy recovering in the Coachella valley, Komar Desert Center has the potential to provide investors with superior risk adjusted returns from a net leased multi-tenant investment where rents increase over time.”

The Coachella Valley is a collection of affluent resort communities, including Palm Springs, Palm Desert, La Quinta, Rancho Mirage, Desert Hot Springs, Indian Wells and Indio. The area, which is visited by many tourists from the northern United States and Canada, has a retail market with positive net absorption for five of the previous six quarters.

Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange investors and cash (non-1031) investors using the Delaware statutory trust structure.