A market survey of Hampton Roads industrial property records a 2023 sale of the 125,906-square-foot warehouse at 3800 Cook Blvd. in Chesapeake, Virginia, the building held by REVA Kay Seacoast DST. If the seller named in that survey is the Trust, the sale is REVA Properties' first full-cycle disposition on Top1031's record.
The transaction surfaces in Thalhimer's Hampton Roads industrial MarketBeat for the third quarter of 2023, which lists a seller named "Reva Kay Seacoast, LLC" in a sale at $10 million, about $79 per square foot. That seller is an LLC; the Trust is "REVA Kay Seacoast DST." The identification rests on the shared name across two different entity forms, and no sponsor full-cycle announcement of the sale was located.
The Trust filed its first Form D on December 15, 2016, a 506(c) offering. Its original terms, as filed:
Item | Amount |
|---|---|
Maximum offering | $8,975,000 |
Minimum investment | $89,750 |
From that December 2016 filing to a sale placed only within the third quarter of 2023, the hold ran roughly six and a half years; the record does not fix the exact closing date. No total return, internal rate of return, or equity multiple appears in the public record.