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ARCTRUST Private Capital Launches $10.2 Million DST Offering

ARCTRUST Private Capital Launches $10.2 Million DST Offering. Alternative investments, ARCTRUST, commercial real estate, CRE, Delaware statutory trust, investment, real estate
ARCTRUST Private Capital Launches $10.2 Million DST Offering. Alternative investments, ARCTRUST, commercial real estate, CRE, Delaware statutory trust, investment, real estate

ARCTRUST Private Capital, the capital division of the ARCTRUST Group of Companies, announced the launch of ARCTRUST Phoenix DST, a private placement offering that seeks to raise up to $10.2 million from accredited investors. The company did not disclose the purchase price.

ARCTRUST Private Capital says that the Delaware statutory trust offering consists of three single-story, freestanding, 100% leased single-tenant buildings, all located in Greater Phoenix, Arizona.

“We are always looking for compelling opportunities in strategic markets. As we continue to expand our DST platform, we are excited about the intrinsic value and strong demographic locations that these Phoenix assets provide,” said Chris Wadelin, chief executive officer, ARCTRUST Private Capital. “We believe the Phoenix DST offers our shareholders an opportunity for attractive regular income through rent payments, along with the potential tax benefits that DSTs may generally offer.”

The DST’s three properties include the Harbor Project, located at 21244 East Ocotillo Road in Queen Creek. The 15,301-square-foot building sits on approximately 1.631 acres of land and is 100% leased to Harbor Freight Tools USA Inc. The tenant operates a retail store selling tools, hardware, electronic goods and other related items and accessories.

The second property is the Valley Project, located at 8268 West Deer Valley Road, Peoria. The property consists of an 815-square-foot building on approximately 1.227 acres of land. The building is 100% leased to And Go Concepts LLC, which operates a “Salad & Go” retail store selling a variety of foods.

Finally, the Thunderbird Project is located at 7473 West Thunderbird Road in Peoria. It consists of a building of 7,127 square feet on approximately 0.811 acres of land. The Thunderbird Project is 100% leased to General Parts Distribution LLC, which operates an Advance Auto Parts store in the building.

ARCTRUST Private Capital focuses on delivering a diverse platform of investment solutions including real estate investment trusts, Regulation D offerings, Delaware Statutory Trusts and preferred equity and debt products, while also providing investor. They’re affiliated with ARCTRUST, a 38-year-old real estate company that has been responsible for the development, acquisition and joint-venture funding of more than 500 properties with an aggregate value in excess of $5 billion.

For more ARCTRUST news, please visit their directory page.