CSRA KOMAR DESERT CENTER, DST

CSRA KOMAR DESERT CENTER, DST

Location: 79705-79845 Highway 111, La Quinta, California 92253

ALL CASH/NO MORTGAGE DEBT OFFERING

Estimated Distribution Rate: 5.5%

The Coachella Valley is a collection of affluent resort communities including Palm Springs, Palm Desert, Rancho Mirage, Desert Hot Springs, Indian Wells, La Quinta and Indio.

Highway 111, La Quinta, California

Major tenants include Starbucks, BevMo!, Burgers and Beer, Toda Moda, Souplantation and Mimi’s Café Constructed in 2008 with multiple points of access along Highway 111 retail corridor

INVESTMENT HIGHLIGHTS

  • Institutional Quality Asset: Built in 2008 using the highest quality construction, Komar Desert Center is one of the newest developments along the popular Highway 111 retail corridor.
  • Stable Cash Flow with Substantial Upside: Currently 92 percent leased through the end of 2017, the property provides steady cash flow while offering significant future upside through additional leasing and development.
  • Daily Needs Shadow Anchored Shopping Center: The property is shadow anchored by Costco (not a part of the offering). The 139,000-square-foot store brings visitors from as far as 15 miles away, providing other tenants at Komar Desert Center a tremendous amount of traffic.
  • compete for limited space amid little new construction.
  • Separately Parceled Providing Multiple Exit Strategies: All seven standalone buildings are separately parceled providing the opportunity to sell individual pad buildings to net lease investors at a remium, thereby lowering the investor’s overall cost basis.

PROPERTY DETAILS

Strategically located with frontage along the highly trafficked Highway 111 in affluent resort community

 Komar Desert Center

  • Major tenants include Starbucks, BevMo!, Burgers and Beer, Toda Moda, Souplantation and Mimi’s Café
  • Constructed in 2008 with multiple points of access along Highway 111 retail corridor
  • Parking ratio of 5.5 vehicles per 1,000 square feet, or 429 vehicle spaces
  • Located in an affluent resort community visited by many tourists each year
  • Shadow-anchored by Costco (S&P: A+); not a part of the offering

 

 

Komra-Desert-Center-4

COACHELLA VALLEY OVERVIEW

The Coachella Valley is a collection of affluent resort communities including Palm Springs, Palm Desert, Rancho Mirage, Desert Hot Springs, Indian Wells, La Quinta and Indio. Given the area’s warm climate and its proximity to the Greater Los Angeles area, the valley is a popular winter and weekend retreat for Southern Californian residents as well as visitors from the northern United States and Canada, referred to as “snowbirds.” With its large inventory of recreational facilities in the area, including more than 100 golf courses and over 600 tennis courts, the valley is also an established resort and group destination. The Palm Springs Valley, as it has been termed, has also become a known location for Indian casinos including Casino Morongo in Cabazon, the Fantasy Springs Casino Hotel in Indio, and the Agua Caliente Casino and Spa in Rancho Mirage, among others. On average, Coachella Valley welcomes approximately 3.5 million overnight visitors every year.

COACHELLA VALLEY RETAIL MARKET

The Coachella Valley retail market consists of affluent resort communities such as Palm Springs, Palm Desert, La Quinta, and Rancho Mirage. Retailers in the area are supported by not only a growing population, but increasingly more and more tourism each year. The Coachella Valley is a choice destination for thousands of visitors and vacationers, many of which have second homes in the area. The market totals over 26,000,000 square feet of retail space across over 2,000 buildings.

ABOUT CAPITAL SQUARE

Capital Square 1031, LLC specializes in the creation and management of real estate investment programs for Section 1031 exchange investors and other investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive offi cer of Capital Square, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DSTs, tenant-in-common offerings, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.

Disclaimer

1031Sponsors.com is a web portal owned by Investment.Net, LLC. The company is functioning in the 1031 exchange market for more than 15 years. Neither Investment.Net nor 1031Property intend to act as a broker or sell any goods or services. 1031Sponsors does not offer legal or tax advice. Tax topics discussed are for educational purposes only and should not be considered professional tax advice. It's recommended that you discuss your situation with your tax or legal advisor. Distributing an investment in different assets or choosing alternative investments involves higher risks than traditional investments and shouldn't be taken for granted. All alternative investment strategies are sold along with a prospectus that discloses all risks, fees, and expenses. These investments are not tax-efficient, and an investor should consult with his/her tax advisor before investing. The investor should be prepared to bear loss knowing that financial risks are attached to such investments.

1031Sponsors help investors residing in the United States complete their 1031 exchanges by providing them well-researched and authentic information related to 1031 exchanges. Services listed on the website 1031Sponsors.com can be modified to make them relevant to the present investment situation in the United States. For additional information, please contact 888-876-6005.