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| Louis Rogers |
BAKERSFIELD,
CA – Capital Square 1031, a leading real estate investment and management firm
specializing in Delaware statutory trust investments, has acquired a
newly-constructed medical office building providing specialty dialysis services
near Bakersfield, California.
Located at 711 Valley Blvd. in Tehachapi, California,
the property is 100 percent leased on a long-term, absolute net basis with
yearly rent escalations to Sanderling Renal Services, a healthcare firm
specializing in dialysis and nephrology services. The building is conveniently
located near the recently completed Adventist Health Tehachapi Valley hospital.
“Acquisition
of the Tehachapi property marks Capital Square’s 20th medical office building
under management and aligns well with our investment strategy of acquiring
stable, high quality real estate assets,” says Louis Rogers, founder and chief executive officer of Capital Square
1031.
“The building is poised for long-term stability due to the lack of
competition, coupled with the growing demand for healthcare services in the
area.”
The property
was acquired on an all cash, no debt basis, as part of a Delaware statutory
trust offering primarily for investors structuring Section 1031 tax-deferred
exchanges. A growing number of high net worth investors are seeking quality
Section 1031 replacement property on an all cash basis. This is Capital
Square’s 40th DST offering and 60th property acquisition to-date.
Sanderling
Renal Services is focused on providing convenient access to high quality
dialysis and nephrology services in rural areas. With more than 25 years of
combined experience, the executives at Sanderling are focused on providing
products and services for people with end stage renal disease while
establishing a trusted relationship with local hospitals ensuring the
continuity of care for patients.
For more information on this
transaction, please contact:
Julie
Leber
Spotlight
Marketing Communications
949.427.5172,
ext. 703
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