Bozman Business Park
Small bay flex industrial (multi-tenant) property in Wylie, TX — sponsored by Cove Capital Investments
Files with the SEC as Dallas MSA Small Bay Industrial 91 DST
Minimum investment
$1k
Offering size
$6.1M
How much has sold
24.0%
Asset type
Small bay flex industrial (multi-tenant) property
Location
Wylie, TX
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Bozman Business Park is a 23,930-square-foot multi-tenant small-bay industrial building in Wylie, Texas, held by a Delaware statutory trust — a passive co-ownership vehicle whose interests qualify for 1031 exchanges — and sponsored by Cove Capital Investments.1 Cove reported acquiring it debt-free on July 16, 2025, completing the Trust's formation.3 Cove's offering page labels the offering fully subscribed.2
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Cove Capital describes the building as 2022/2023 new construction, divided into small bays for multiple tenants.2 Small-bay flex industrial leases modest suites to local contractors, service firms, and light manufacturers, so rent arrives from several tenants rather than one corporate lease. Cove reported completing the purchase on July 16, 2025, which finished forming the Trust; the public record does not disclose what it paid.3
- Property address
- 1141 Bozman Rd, Wylie, TX
- Property size
- 23,930 SF
Who is the tenant, and what's the lease?
Public filings name no tenants and set out no lease terms — a multi-tenant small-bay park runs on many shorter leases rather than one credit tenant. Cove reported the property 100% leased, with a consistent wait list of prospective tenants, as of July 16, 2025.3
How did it end?
No sale or other ending on record
We have not found a public record of how this offering ended. That is not the same as knowing it still operates.
0% leverage; min $100k; 100% occupied; $6.10M equity; 2022/2023 construction; optional 721 exit
23,930 SFHow is it financed, and what does it pay?
The Trust holds the property free of mortgage debt, so there is no lender, no loan maturity, and no refinancing risk; Cove reported the purchase used no debt.3 The trade-off is that a debt-free Trust supplies no replacement debt for an exchanger whose relinquished property carried a mortgage.
- Financing
- All cash. This offering reports no mortgage debt.
- Loan-to-value
- 0%covecapitalinvestments.com
Who's behind it?
Cove Capital Investments assembled and sponsors this Trust, and specializes in debt-free DST offerings.2 In a sponsored article dated July 16, 2026, Cove reported platform-wide milestones of more than $1.13 billion in cumulative sponsored transactions, 137 properties, and 2,768 investors — figures spanning its whole portfolio, not this Trust. Cove also describes an optional future 721 exchange, in which Trust interests are contributed to a REIT's operating partnership instead of cashing out.
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Dallas MSA Small Bay Industrial 91 DST
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 24 active / 57 total offerings from Cove Capital Investments
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The SEC paper trail here is thin: the initial Form D — the short notice an issuer files when selling securities without registering them — has not been amended, and it predates the closing Cove announced on July 16, 2025.3 Under the exemption used, Cove may advertise publicly but must verify each buyer's accredited-investor status.1
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Bozman Business Park?
Top1031 lists Bozman Business Park as historical. It is no longer raising money.
Where does Top1031 get the data for Bozman Business Park?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in this Trust?
Cove Capital's offering page labels the Dallas MSA Small Bay Industrial 91 DST fully subscribed. Only the initial Form D is on record and it has not been amended, so the SEC file does not confirm a final close. Anyone mid-exchange should confirm current availability directly with the sponsor or a selling broker-dealer before naming this property as a replacement.
What does a debt-free DST mean for my 1031 exchange?
The Trust owns the property without a mortgage, which removes lender covenants, loan maturities and refinancing risk. It also means the Trust passes through no debt. If your relinquished property carried a mortgage, a debt-free Trust does not supply replacement debt, and you may need other replacement property or additional cash to avoid boot. Work the arithmetic through with your own tax adviser.
Who are the tenants?
No public filing names them, and the public materials reviewed for 1141 Bozman Road did not establish a named tenant. Cove reported the property 100% leased as of July 16, 2025, with a wait list of prospective tenants, but tenant identities, suite sizes, rents and expiration dates appear only in the Private Placement Memorandum (PPM) and its rent roll.
What is small-bay flex industrial?
A building subdivided into small industrial or warehouse suites, typically leased to contractors, distributors, service businesses and light manufacturers. Income is spread across many tenants on relatively short leases rather than concentrated in one long-term corporate tenant, which diversifies credit risk but means more frequent lease rollover and active leasing work.
How would this investment end?
Two paths appear in the record: a sale of the property, or the optional 721 exchange Cove describes, in which Trust interests are contributed to a REIT's operating partnership in exchange for units. The 721 route can defer tax but generally ends the ability to do future 1031 exchanges on that interest. No hold period is stated in the public filings.
Chapter 9Cove Capital Acquires Built-to-Rent Community on Behalf of $27M DST OfferingAltsWire article that mentions the Dallas MSA Small Bay Industrial 91 DST (Bozman Business Park) as a completed Cove debt-free DST formation in the Wylie, TX submarket. Cove Capital Investments, LLC Acquires Another Small Bay Industrial Property for Its Dallas MSA Small Bay Industrial 91 DST OfferingAcquisition announcement for the Bozman Business Park at 1141 Bozman Rd, Wylie, TX, completing formation of the 100%-occupied, debt-free Cove Dallas MSA Small Bay Industrial 91 DST with a $6,097,142 equity raise.