Capital Square Realty Advisors, specializing in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash investors using the Delaware Statutory Trust structure, has acquired a 43,801-square-foot retail facility in Keller, a suburb of Fort Worth, Texas, on behalf of an affiliated entity.
Constructed in 2008, the facility is 100% leased on a long-term basis to 24-Hour Fitness USA Inc., one of the world's largest privately owned and operated fitness center chains.
‘This property benefits from a high traffic count, given its proximity to nearly 200,000 people living within a 5-mile radius, as well as its convenient location just off Interstate 377,’ says Louis Rogers, founder and CEO of Capital Square Realty Advisors. ‘Additionally, the property has a remaining lease term of nearly 11 years, with three 5-year options.’
Rogers launched Capital Square Realty Advisors in February. Since then, the company has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including tenant-in-common, DST and multiple publicly registered non-traded real estate investment trusts.
Rogers is also the founder and CEO of Rogers Realty Advisors LLC, which provides investment banking services with an emphasis on sourcing preferred equity, mezzanine financing and other debt for real estate investments. The DST interests are sold by independent broker-dealers across the country.