OpenIndustrial in Georgia

FSX Industrial 35, DST

Sponsored by Four Springs TEN31 Xchange

FSX Industrial 35, DST consists of a single-tenant net leased industrial warehouse distribution facility with 17 years of lease term remaining.

FSX Industrial 35, DST

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Offering terms

Minimum investment
$100,000
Yr 1 distribution
5.00%
Avg distribution
4.96%
Projected hold
7 yrs
Offering size
$74.2M
Equity raise
$35.7M
Loan-to-value
51.8%
721 exit
Optional

Projected distributions by year

Capital structure

Equity
$35,740,000
Debt
$38,425,000
Total
$74,165,000

Overview

FSX Industrial 35, DST consists of a single-tenant net leased industrial warehouse distribution facility with 17 years of lease term remaining. The Property is leased to Orgill, Inc. the world’s largest independent hardlines distributor.

This strategic Southeast Distribution Hub in Tifton, Georgia, is one of eight Orgill distribution centers serving the eastern U.S. retail network. The 798,000 SF cross-dock distribution center was completed in 2024, replacing Orgill’s legacy 650,000 SF Tifton facility. Estimated replacement cost of $80–$100 million represents significant tenant investment and commitment.

Orgill, Inc. is the world’s largest independently owned hardlines distributor, headquartered in Collierville, Tennessee. Founded in 1847, the company has operated continuously for over 178 years, serving approximately 13,500 independent hardware, home center, and lumberyard retailers across the United States and in more than 60 countries worldwide. Orgill operates eight distribution centers across North America comprising approximately 6.7 million square feet of distribution capacity. The company distributes over 75,000 SKUs from these facilities.

Offering documents 6

Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of October 28, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.