# FSX Industrial 35, DST

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

Source: https://baker1031.com/invest/fsx-industrial-35-dst


## Key terms

| Term | Value |
|---|---|
| Status | Open |
| Property type | Industrial |
| Sponsor | Four Springs TEN31 Xchange |
| Location | Georgia |
| Minimum investment | $100,000 |
| Year-1 projected distribution | 5.00% |
| Average projected distribution | 4.96% |
| Projected hold | 7 yrs |
| Offering size | $74,165,000 |
| Equity raise | $35,740,000 |
| Debt | $38,425,000 |
| Loan-to-value | 51.8% |
| 721 exit | Optional |

## Projected distributions by year

| Year | Projected distribution |
|---|---|
| Year 1 | 5.00% |
| Year 2 | 5.05% |
| Year 3 | 5.10% |
| Year 4 | 5.15% |
| Year 5 | 5.20% |
| Year 6 | 4.50% |
| Year 7 | 4.75% |

## 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

Available to registered investors:

- Four Springs TEN31 Xchange - FSX Industrial 35, DST - Credit Report - Orgill (PDF)
- Four Springs TEN31 Xchange - FSX Industrial 35, DST - PPM (PDF)
- Four Springs TEN31 Xchange - FSX Industrial 35, DST - Term Sheet (PDF)
- Term Sheet (PDF)
- PPM (PDF)
- Credit Report - Orgill (PDF)

Information reflects my offering records as of October 28, 2026 and may have changed. Projected distributions are the sponsor's estimates, are not guaranteed, may change or stop, and may include a return of capital. To request the offering documents, contact hello@baker1031.com or visit https://baker1031.com/invest/fsx-industrial-35-dst.

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Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This content is general education, not investment, tax, or legal advice, and is not an offer to buy or sell securities. Offers are made only through the offering documents to eligible investors, generally accredited investors. DST interests are illiquid, distributions are not guaranteed, and you can lose your entire investment.

Contact: Jerry Baker, Baker 1031 Investments · hello@baker1031.com · (415) 965-0552 · https://baker1031.com/contact