Cove Essential Net Lease Industrial 108 DST
Industrial (net lease distribution, build-to-suit) property in Anchorage, AK — sponsored by Cove Capital Investments
Debt-free (0% LTV); $9.7M equity target, $8.0M raised as of 2026-01-22; 100% occupied, public-co tenant; ~5 mi from ANC airport
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What is this, in one paragraph?
Cove Essential Net Lease Industrial 108 DST is a Delaware statutory trust, a structure that lets 1031 exchange buyers hold fractional interests in real estate.1 Its sole asset is a build-to-suit industrial distribution building about five miles from Ted Stevens Anchorage International Airport, bought all-cash with no mortgage.2 Cove Capital Investments announced on September 2, 2026 that the Offering was fully subscribed.3
Minimum investment
$1k
Offering size
$10.0M
How much has sold
80.0%
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited 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?
The Trust's only asset is a single industrial distribution facility built to suit its occupant, roughly five miles from Ted Stevens Anchorage International Airport.2 Cove Capital Investments announced the completed acquisition on January 19, 2026.2 Public sources give no street address, no purchase price, and no exact closing date.
- Reported location
- Anchorage, AK
- Property size
- 30,554 SF
Who is the tenant, and what's the lease?
No public filing names the tenant; Cove Capital reports the building is fully occupied by a publicly traded, recession-resistant company.4 The sponsor also says the tenant expanded the building and extended its lease, without giving dates.5 A net lease shifts stated property costs to the tenant; the PPM, or private placement memorandum, defines which costs and for how long.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
80.0% reported sold
- Amount sold
- $8,008,113
- Reported unsold
- $1,956,397
- Investors reported
- 10
- Total offering
- $9,964,510
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The property carries no mortgage, so the Trust has no lender, no loan maturity, and nothing to refinance.2 The flip side: an exchanger who must replace debt carried on a relinquished property will not find replacement debt here.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Cove Capital Investments is a DST specialist whose 1031 exchange platform is built around debt-free, unleveraged trusts, and it is the promoter named in the Form D here.1 For this Trust the sponsor describes a 721/UPREIT exit — contributing the property to a REIT's operating partnership in exchange for units — as fully optional.6 On September 2, 2026 the firm announced that this Offering had been fully subscribed.3
- Sponsor
- Cove Capital Investments
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 23 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 notice was submitted as a new Form D rather than an amendment, and no later amendment or closing notice had appeared as of September 3, 2026, so the sponsor's full-subscription announcement is not yet reflected in the SEC record.3 The exemption claimed permits general advertising, provided the issuer verifies that each buyer is an accredited investor.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- Essential Net Lease Industrial 108 DST
- 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
Is Cove Essential Net Lease Industrial 108 DST still raising money?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
Where does Top1031 get the data for Cove Essential Net Lease Industrial 108 DST?
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.
Is this Trust still open to new investors?
Cove Capital Investments announced on September 2, 2026 that the Offering was fully subscribed, having raised $9,964,510 from accredited 1031 exchange and direct cash investors. As of September 3, 2026 no amended Form D or closing notice reflecting that had appeared in the SEC record, and the one Form D on file still shows an open offering. Confirm current availability with the sponsor or your representative.
Who is the tenant?
The tenant is not identified in the Form D or in launch coverage. Cove Capital Investments describes the building as 100% occupied by a publicly traded, recession-resistant company, and says that tenant expanded the building and extended its lease, without giving dates. The tenant's name, credit standing, lease term, and expiration date are PPM-level facts that public filings do not settle.
What does a debt-free DST mean for me?
There is no mortgage on the property, so there is no lender, no loan maturity, and no refinancing event during the hold. It also means the Trust offers no debt for an exchanger who must replace mortgage debt from a relinquished property to complete a fully tax-deferred exchange; that is a question for your tax adviser.
What is the 721/UPREIT exit the sponsor mentions?
A 721 exchange lets a property be contributed to a real estate investment trust's operating partnership in return for partnership units rather than cash. Cove Capital Investments describes this exit as fully optional for the Trust. The PPM sets out who may trigger it, how interests would be valued, and the tax consequences of holding units.
Why is the offering made under Rule 506(c), and what does that require of me?
Rule 506(c) is the private-placement exemption that allows an issuer to advertise publicly, provided every buyer is an accredited investor whose status the issuer verifies. In practice that means documentation — tax returns, brokerage statements, or a letter from a CPA or attorney — rather than simply checking a box.
What is still unknown from public filings?
The tenant's identity, the street address or parcel, the lease term and expiration date, the purchase price, and the exact closing date are not in the SEC record or in public coverage. The reported building expansion and lease extension carry no dates. And the September 2, 2026 full-subscription figure is a sponsor announcement that no primary SEC filing confirmed as of September 3, 2026.
Chapter 9Cove Capital Investments Acquires Industrial Distribution Facility in a 100% Debt-Free Transaction for Its New Cove Essential Net Lease Industrial 108 DST OfferingAcquisition-completion press release for the 108 DST: 30,554 sq ft build-to-suit industrial distribution facility in Anchorage, AK (~5 miles from Ted Stevens Anchorage International Airport), 100% leased to a publicly traded tenant, $9.7M+ equity raise, debt-free Reg D 506(c), optional 721 exit.