Cove Essential Net Lease Industrial 108 DST
Industrial property in Anchorage, AK · sponsored by Cove Capital Investments
Active offeringLatest Form D filed Jan 22, 2026 (opens in a new tab)
Cove Essential Net Lease Industrial 108 DST is a DST sponsored by Cove Capital Investments that owns an industrial property in Anchorage, AK (30,554 SF). Its latest Form D, filed Jan 22, 2026, lists a $9.9 million offering with a $1,000 minimum.
Key facts
- Minimum investment
- $1,000From the Form D
- Offering size
- $9,964,510Equity offered, per the Form D
- Sold so far
- Form D, Jan 22, 2026; the % is our arithmetic80.3%
- Investors reported
- Form D, Jan 22, 202610
- Selling commissions
- Form D Item 15; the % is our arithmetic$597,871 · 6.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Sales so far
- Latest Form D
- Jan 22, 2026 · 1 filing
- First sale
- Jan 7, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $8,008,113
- Not yet sold
- $1,956,397
- Investors
- 10
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
80.3% of $9,964,510 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: Cove Essential Net Lease Industrial 108 DST. Top1031 is not a broker-dealer.No photo on record.
What does the Trust own?
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. AltsWire reported on January 19, 2026 that Cove acquired the building in an all-cash transaction and that the tenant had expanded it to handle greater volume; neither the closing date nor the expansion date was given. 2 Public sources give no street address and no purchase price.
- Reported location
- Anchorage, AK
- Property size
- 30,554 SF
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
The Trust carries no mortgage: no lender, no loan maturity, nothing to refinance during the hold. 3 The flip side is that an exchanger who must replace debt carried on a relinquished property will not find replacement debt here.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
- May convert to a REIT (721)
- Yes
Costs and terms from the Form D
- Selling commissions
- $597,871 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $950,310 · 9.5% of offeringForm D Item 16· The filing’s note: “Mr Kay & Lapin will receive a portion of this amount (in)directly for various fees & selling commissions, EXCLUDING amounts received for sales in Oregon, OR proceeds will be received by registered representatives licensed in the state of OR”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- FNEX Capital, LLC · CRD 166316
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 7, 2026
- Minimum investment
- $1,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind the Trust?
Cove Capital Investments sponsors Delaware statutory trusts for 1031 exchange investors, and the Form D names Cove Capital Investments, LLC as the offering's promoter. 1 Its September 9, 2026 announcement put the completed raise at $9,964,510 from accredited 1031 exchange and direct cash investors — buyers meeting SEC income or net-worth tests. 3 That release also describes an optional 721 exchange — contributing property to a REIT's operating partnership in return for units — as a possible future exit, not a completed transaction. 3
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- Essential Net Lease Industrial 108 DST
- SEC CIK
- 2105209
- First Form D
- Jan 22, 2026
- Latest Form D
- Jan 22, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $9,964,510 | $8,008,113 | 10 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- Is Cove Essential Net Lease Industrial 108 DST an active offering?
- Cove Essential Net Lease Industrial 108 DST is an Active offering: its latest Form D was filed Jan 22, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Does Cove Essential Net Lease Industrial 108 DST have a 721 UPREIT exit?
- The record lists a possible 721 exit for Cove Essential Net Lease Industrial 108 DST. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
- Who is the tenant?
- The tenant is not named in the Form D or in any public coverage. AltsWire reported on January 19, 2026 that Cove Capital described the facility as 100% occupied by a publicly traded tenant that had expanded the building and extended its lease, and the sponsor's September 9, 2026 release described the occupant as a nationally recognized logistics operator on a long-term lease. The tenant's name, credit standing, lease term and expiration date are matters for the offering documents.
- What does a debt-free DST mean for me?
- The property was reported as bought without mortgage financing, so there is no lender, no loan maturity and no refinancing event during the hold. It also means the Trust passes through no mortgage debt to an exchanger who must replace debt from a relinquished property to complete a fully tax-deferred exchange; that is a question for your tax adviser.
- 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 and credit standing, the street address or parcel, the lease commencement and expiration dates, the rent, the allocation of taxes, insurance and structural repairs, the purchase price and the acquisition closing date do not appear in the SEC record or in public coverage reviewed as of September 27, 2026. The dates of the reported building expansion and lease extension were also not disclosed. The full-subscription statement is a sponsor-reported outcome that no primary SEC filing confirmed as of that date.
In the news
Sources
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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 offering documents before investing.