CAPRE’s Commercial Real Estate Headlines for February 24, 2020: Bixby Land Company Acquires Pair of Industrial Facilities in GA
Check out the latest deals and developments in commercial real estate for February 24, 2020: Capital Square 1031 Launches All-Cash DST Offering of Industrial Facility: Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings, announced today the launch of CS1031 Midwest Industrial, DST, which seeks to raise $9.2 million in equity from investors seeking 1031 exchange replacement property and cash investors. The Reg. D private placement is comprised of a 146,278-square-foot corporate headquarters and manufacturing facility situated on three parcels of land in Tipp City within Greater Dayton, Ohio. The building was acquired by the DST in an all-cash, no debt, transaction. Located at 1414 Commerce Park Drive, 1420 Commerce Park Drive and 1455 West Main Street, the facility serves as a corporate headquarters for Creative Extruded Products, an original equipment manufacturer and aftermarket manufacturer of vehicle parts for the auto industry. Creative Extruded Products uses extrusion and injection molding to manufacture parts for vehicles, with a focus on windshield and back window moldings. Bascom Arizona Ventures Acquires Phoenix Class A Multifamily Property For $11.5 Million: Bascom Arizona Ventures, a subsidiary of Irvine, California based private equity firm The Bascom Group, LLC has acquired a 37-unit property located in downtown Tempe, Arizona. The purchase price was $11.5 million, or $310,811 per unit. Dolce Villaggio Townhomes is situated within downtown Tempe's Urban Core Master Plan Community. The property is within walking distance of Arizona State University, Tempe Town Lake,…
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