Dwight Kay & Chay Lapin Of Cove Capital Investments Acquire Texas Small Bay Industrial Portfolio For $14.8M

Cove Capital Investments acquired two fully leased industrial properties in Katy and Richmond, TX, totaling five buildings and 69,165 square feet for its $14.8 million Texas Small Bay Industrial Portfolio 86 DST. The debt-free portfolio features value-add potential through rent increases, triple net leases, and a unique 721 exchange exit strategy with 20-year tax protection.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14.8M
• Address: Portfolio
• Market: Katy & Richmond
• Total Square Footage: 69,165 SF
• Buyer: Dwight Kay & Chay Lapin - Cove Capital Investments, LLC

The deal is represented by Dwight Kay and Chay Lapin, who are co-founders of Cove Capital Investments, LLC. Their strategy focuses on acquiring industrial assets with growth potential in competitive markets.