Loading, Please Wait...
LOS ANGELES and ST. LOUIS, July 10, 2019 (GLOBE NEWSWIRE) -- Kay Properties has successfully completed the Cove Debt Free Maplewood Industrial DST in Maplewood, MO. This DST property was made available to accredited investors under Regulation D Rule 506c and had a total investment cost of $5,988,500.
The Maplewood Industrial DST is a 37,000 square foot FedEx Distribution facility. The property is 100% leased and occupied with FedEx Corporately guaranteeing the lease. Additionally, it well located, being less than five miles from the growing downtown St. Louis market, with easy airport access and the accessibility of highways.
Along with being a well-located and well-occupied property in the growing St. Louis market the DST investment was made available to investors as an all-cash/debt-free program whereby the risks of financing have been removed from the equation.
Dwight Kay, Founder and CEO of Kay Properties commented, “Maplewood Industrial DST is another solid addition to Kay Properties’ growing portfolio of DST investments. We are grateful for all of our clients that chose to participate in this offering either via 1031 exchange or a direct cash investment.”
Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing.