Aliso Viejo, CA, November 19, 2015 (Newswire.com) - 1031 Crowdfunding, LLC announced today that CSRA Grocery Portfolio II, DST, a portfolio of two grocery-anchored shopping centers, is now available through the Company’s website as a 506c offering.
Kimberly Park is a 47,900 square foot center located in Carthage, North Carolina. Eden Centre is a 59,043 square foot center located in Eden, North Carolina. Both shopping centers are anchored by Food Lion, a subsidiary of Delhaize Group, an international company with an S&P rating of BBB-/A-3. Food Lion operates more than 1,100 supermarkets in 10 Southeastern and Mid-Atlantic States. The portfolio is approximately 95% leased with recently signed 10-year triple net leases with Food Lion. Additionally, each property will undergo substantial renovations at the seller’s expense.
“Capital Square Realty Advisors continues to offer strong investment opportunities with this grocery-anchored shopping center portfolio,” said 1031 Crowdfunding Founder and CEO, Edward Fernandez. “With a starting cash-on-cash return of 6% and an after-tax return for cash investors of an estimated 9.47%, we are pleased to make CSRA Grocery Portfolio II, DST available to our investors.”
For more information visit www.1031Crowdfunding.com or call (844) 533-1031.
About 1031 Crowdfunding, LLC
1031 Crowdfunding provides a range of quality properties for investors seeking a 1031 exchange through a Delaware Statutory Trust. With a compliant online investment platform, investors research opportunities, make investments with ease, and receive monthly updates. 1031 Crowdfunding was founded by Edward Fernandez along with Alfred Pizzurro, Marcus Kurschat, William Erickson and Tim Barrett, aggregating 120 years of their combined experience in the securities and real estate markets.
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