Property details

Frito-Lay Distribution Center

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2025

Investment Summary

An approximately 107,200 square foot industrial facility that serves as a distribution warehouse for Frito-Lay in Burbank, Washington.  Frito-Lay manufactures and markets chips and snack foods and has an approximately 60% share of the U.S. chip market and 35% share of the global market. Frito-Lay is a wholly-owned subsidiary of PepsiCo and accounted for 27% or $24.9 billion of its total revenue in 2023. The Property serves as a regional distribution center for Frito-Lay products.

Syndicated acquired the Property in a Delaware Statutory Trust (DST) to accommodate both cash and 1031 exchange investors.

Property details

Winnebago Industries Innovation Center

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2024

Investment Summary

The light industrial property is utilized by Winnebago as its primary research and development facility.  This work includes the creation of new prototypes and technology enhancements for Winnebago’s vehicles, including data and connectivity upgrades, advanced materials construction, and self-driving autonomy development.  This location was chosen due to its proximity to Winnebago’s corporate headquarters (3 miles northwest), its primary manufacturing facility in Forest City, Iowa (130 miles south), and Prior Lake (4 miles north), which Winnebago uses to test Barletta Boats, one fits five main business segments.

Property details

Flowserve

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2020

Investment Summary

The Property consists of a 110,102 square foot, two-story, light manufacturing building situated on an 8.1-acre parcel at 4015 Flowserve Way in Pasadena (Houston), Texas. Originally constructed in 2016, the Property was built pursuant to Flowserve’s specifications and houses its pumps manufacturing and servicing sector.

The Property contains 85,580 square feet of shop/manufacturing space, and two floors of office space that comprise the remaining approximately 23% of the total square footage. The building is 100% climate-controlled and features a 35’9” clear height, a manufacturing area, and grade-level loading capability. The manufacturing floor includes stations for hydro-cleaning and sand blasting machinery sent in for repair, a painting booth, a clean room for dust and particle control, a training area, stations for specialized calibration and repair, and a 30 foot pit with hydraulic lifts to enable Flowserve technicians to work on large equipment in a vertical position.

Syndicated structured its acquisition as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.

Property details

Hill Rom

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Tenancy In Common (TIC)

Year Acquired

2018

Investment Summary

The Property consists of a two-story, approximately 101,497 square foot office/light industrial building located on approximately 6.6754 acres at 1020 West County Road F, Shoreview, Minnesota.

The property is used by Hill Rom for management personnel, medical insurance and billing professionals, and skilled nursing staff providing direct customer assistance for Hill Rom’s products, as well as meeting/conference rooms and other employee common areas. The remainder of the property is used for product development and distribution, and assembly of medical devices for respiratory and cystic fibrosis products.

Syndicated structured its acquisition as a Tenancy In Common (TIC) to accommodate investors completing a Section 1031 Exchange.

Property details

Mars Petcare Cold Storage Facility

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2017

Investment Summary

The property consists of a 465,256 square foot freezer/cold storage warehouse facility leased to Mars Petcare.

Mars is the world’s leading manufacturer of dry and soft pet food, soft treats, and dog biscuits. The property was originally developed in 1968 as a warehouse and distribution facility but underwent an extensive renovation in 2016 and 2017 into a food grade facility in accordance with Mars Petcare’s specifications. Renovations included the construction of a 168,245 square foot state-of-the-art Freon-based freezer facility, a substantial LED lighting system, and the latest technology in commercial food-grade equipment.

Syndicated structured its acquisitions as a Tenancy-in-Common to accommodate investors completing a Section 1031 Exchange.