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| Sky Las Vegas Condo Tower, Las Vegas, NV |
LAS VEGAS, NV –
Capital Square Realty Advisors, LLC announced today that its Delaware Statutory
Trust investment offering, comprising an approximately 15,000-square-foot
retail facility occupied by CVS Pharmacy on the Las Vegas Strip, has
been fully subscribed by investors.
Located at 2700 S.
Las Vegas Blvd., the retail facility is situated on the ground floor of Sky
Las Vegas, a 45-story high-rise luxury condo development.
“This retail
facility is 100 percent net leased to a CVS entity and benefits from its
location on the north end of the Las Vegas Strip, presenting the store with
high car and foot traffic,” said Louis Rogers, founder and chief
executive officer of Capital Square Realty Advisors.
“There is growing demand from investors seeking to benefit
from ownership of investment-grade real estate through the DST structure.
Capital Square looks forward to continuing to provide investors with high
quality investment options such as this CVS facility.”
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| Louis Rogers |
The property is surrounded by new development activity,
including the SLS Las Vegas currently under construction on the site of
the former Sahara Hotel & Casino.
This 1,600-room
boutique resort with an estimated $300 million in construction costs is
scheduled to open in 2014. The property is also near Resorts World Las Vegas,
currently under construction at the previous site of the Stardust Hotel and
Casino. The project is estimated to cost between $2 and $7 billion and is
scheduled to open in 2016.
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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