Capital Square, a real estate firm focused on tax-advantaged real estate investments, has bought Zero Coupon LV Training Facility, the Las Vegas Raiders‘ training facility and corporate headquarters in Henderson, Nev.
Built in 2020, the 336,000-square-foot facility features a three-story office building, an indoor practice facility complete with full and half-sized football fields, a performance center with a strength training gym, lockers rooms and trainer areas, three outdoor football fields and an outdoor swimming pool. The facility was acquired on behalf of CS1031 Zero Coupon LV Training Facility DST (Delaware statutory trust), which looks to raise $57.6 million in equity from investors and has a minimum investment requirement of $50,000. The absolute net lease has an original term of 29 years with approximately 26 years of term remaining and seven 10-year renewal options thereafter with Raiders Football Club LLC.
“This acquisition is a touchdown for Capital Square and our investors who need leverage to complete their Section 1031 exchanges,” says Louis Rogers, founder and chief executive officer of Capital Square.