CHARLOTTE, N.C. (Nov. 14, 2018) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today its acquisition of a 151,000-square-foot corporate headquarters and manufacturing facility located in greater Charlotte, North Carolina.
“This is an attractive corporate headquarters and manufacturing facility that is leased to Carolina Beverage Group for 20 years on an absolute net basis, where the tenant is responsible for taxes, insurance, and maintenance and repairs,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “The tenant has invested approximately $80 million into equipment and infrastructure at the property, which supports long-term tenant retention. Additionally, the property benefits from its excellent location in greater Charlotte, which has been one of the nation’s fastest-growing metros over the past 15 years. Capital Square acquired the property for a Delaware statutory trust (DST) offering, making it the 51st DST we have sponsored since inception.”
Located at 110 Barkley Park Lane, the facility also serves as the corporate headquarters for Carolina Beverage Group, a world-class co-packing producer for national and international beverage brands like Monster Energy, Red Bull, Rockstar, Pepsi, Spindrift and others. The company focuses on co-packing specialty-sized cans, plastic bottles and glass containers for makers of well-known malt beverages, distilled spirits, energy drinks and other ready-to-drink beverages.
The state-of-the-art Carolina Beverage facility has a current capacity of 38 million cases annually, including the latest in high-speed can-filling, batching, tunnel pasteurization and laboratory technologies. The property features 12 dock-high doors, two oversized loading doors and has sprinklers throughout more than 85 percent of the facility.
Since its inception, Capital Square 1031 has sponsored 51 DST programs comprising 72 individual properties and has completed approximately $835 million in transaction volume.
About Capital Square 1031
Capital Square 1031 is a national real estate investment and management company that sponsors institutional-quality real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. The company acquires multifamily properties for growth, necessary medical properties for stable income, and other real estate investments (sale/leasebacks, headquarters, offices and facilities) that have the potential to provide exceptional risk adjusted returns. By acquiring a portfolio of DSTs, investors are able to diversify and reduce the risk they would face with a single asset investment. Capital Square aims to provide real estate investors greater access to quality investments and financial planning tools to better manage and mitigate risk.
Capital Square provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since inception, the firm has sponsored 51 DSTs and has completed approximately $835 million in transaction volume. To learn more, visit www.CapitalSquare1031.com.