YUMA  — Capital Square 1031, a sponsor of Delaware statutory trust offerings for Section 1031 exchange and other accredited investors, announced Tuesdayy the acquisition of a new purpose-built medical office building and surgery center in Yuma.

The property was acquired on behalf of CS1031 MOB AZ II, DST, a Reg. D private placement investment offering, in an all cash/no debt offering.

“Medical facilities such as this are some of the most desirable assets in the nation,” said Louis Rogers, founder and chief executive officer. “The icing on the cake — this facility is newly constructed, with a 15-year triple net lease to a strong regional medical group that is growing rapidly. Capital Square believes that this investment will generate stable cash flow, growth and appreciation over the holding period for investors who seek an all cash/no debt investment.”

Located at 2145 W. 28th St., the facility was constructed in 2021 for Comprehensive Integrated Care, which executed a 15-year, triple-net lease that is personally guaranteed by the founding physician. The lease includes two five-year extension options.

The facility is situated in Tuscany Plaza, a medical and professional center. Tuscany Plaza houses more than two dozen specialty medical providers and is approximately one mile from the 406-bed Yuma Regional Medical Center.

Comprehensive Integrated Care was founded in 2013 and has expanded to offer 10 treatment centers located in Arizona, Nevada, Utah and New Mexico. CIC features a team of endovascular and vein specialists partnering with cardiologists and primary care doctors to provide minimally invasive procedures when traditional surgery is not an option.

CS1031 MOB AZ II, DST seeks to raise $10.8 million in equity from accredited investors.

“This property is leased to a strong tenant that has been expanding its practice to now include 10 treatment centers — another of which was acquired earlier this year by Capital Square for DST investors,” said Whitson Huffman, chief strategy and investment officer.

“Health care-related real estate assets such as this are attractive investment opportunities due to the compelling demographic shift that is underway in this country, with a ballooning senior population that is demanding ever-greater medical care that is increasingly being provided via out-patient facilities like those Capital Square acquires on behalf of its investors.”

Since its founding in 2012, Capital Square has acquired 146 real estate assets for over 3,800 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.