Thursday, August 20, 2015

Capital Square Realty Advisors Completes DST Offering of 7-Building Retail Center in Southern California

  
 
Louis Rogers
PALM SPRINGS, CA (AUG. 20, 2015) – 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 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.”

With a total of 77,466 rentable square feet, Komar Desert Center is approximately 92 percent leased. Major tenants at the property include Starbucks, BevMo!, Burgers and Beer, Toda Moda, Souplantation and Mimi’s Café. Located at 79705 – 79845 Highway 111, Komar Desert Center was constructed in 2008 on 9.3 acres of land.

Komar Desert Center, 79705 – 79845 Highway 111
Palm Springs, CA
 The property has 429 parking spaces, or a ratio of 5.5 spaces per 1,000 square feet. Komar Desert Center is located on 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 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 typically has a warm climate, and with proximity to the Greater Los Angeles area, is visited by many tourists from the northern United States and Canada. The Coachella valley retail market has achieved positive net absorption for five of the previous six quarters.

 For a complete copy of the company’s news release, please contact:

Julie Leber                                                                         
Spotlight Marketing Communications                    
949.427.5172, ext. 703                   

                                       

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