New Mexico distribution center
Legal trust name Essential Net Lease Industrial 106 DST
Talk to a 1031 specialistData updated Jan 7, 2026
Offering size$5.5M
Asset typeIndustrial
LocationNM
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitYes
First filedJan 7, 2026
Last filedJan 7, 2026
Minimum$1k
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.
The New Mexico distribution center is the underlying asset of Cove Essential Net Lease Industrial 106 DST, a Delaware Statutory Trust sponsored by Cove Capital Investments. In February 2026 Cove announced it completed the all-cash, 100% debt-free acquisition of a brand-new 2025 build-to-suit industrial distribution facility in Tularosa, New Mexico, along a strategic highway corridor. The property is fully occupied by a supply-chain operator under a newly executed 10-year net lease. The Regulation D Rule 506(c) offering targets $5,505,718 in equity and provides investors a fully optional 721 Exchange exit rather than a mandatory UPREIT roll-up.
$5.51M equity target; debt-free; 100% occupied; new 10-yr lease; 2025 build-to-suit; optional 721 exit
Based on issuer-filed Form D notices through Jan 7, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount39.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$2,138,881
Remaining amount reported in latest Form D$3,366,837
Investor count reported in latest Form D5
Stated minimum investment$1,000
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First filedJan 7, 2026
Latest filingJan 7, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and lease
The trust's underlying asset is a brand-new 2025 build-to-suit industrial distribution facility in Tularosa, New Mexico, positioned along a strategic highway corridor described as valued by logistics, manufacturing, government, and defense users, with additional square footage available for future expansion 12. The facility is 100% occupied on a single-tenant net (NNN) lease basis by a supply-chain operator under a newly executed 10-year lease 1.
Structure and offering
Cove Capital Investments announced on February 13, 2026 that it established the Cove Essential Net Lease Industrial 106 DST and completed the property's acquisition in a 100% debt-free, all-cash transaction 1. The Regulation D Rule 506(c) offering targets $5,505,718 in equity and provides investors a fully optional 721 Exchange exit rather than a mandatory UPREIT roll-up 1. A Form D filed January 7, 2026 reported a $5,505,718 total offering amount with $2,138,881 sold as of that filing 3. Dwight Kay and Chay Lapin are listed as the issuer's executive officers and managing members 4.
Sponsor context
Cove Capital Investments is a Delaware Statutory Trust sponsor that reports operating more than 3.5 million square feet across 126 real-estate assets nationwide, with over 2,300 investors participating in its 1031-exchange and direct offerings 2.
In the news
Frequently asked questions
Is New Mexico distribution center currently active?
New Mexico distribution center is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for New Mexico distribution center?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.