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FSX Industrial 35, DST

Net-Lease Industrial · Georgia

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  • Projected distributions
  • Financials and debt
  • Sponsor documents
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FSX Industrial 35, DST

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.

Purpose-built, mission-critical facility. 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.

Industry-leading Tenant. 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. Orgill operates eight distribution centers across North America comprising approximately 6.7 million square feet and distributes over 75,000 SKUs.

Key highlights

  • A 798,000 square foot purpose-built cross-dock distribution facility in Georgia, leased to Orgill, Inc.
  • $35,740,000 equity offering, $38,425,000 of debt, 51.81% loan-to-total-capitalization, $100,000 minimum purchase.
  • A 17-year triple-net lease, with debt swapped to a fixed 5.600% and interest-only for 60 months before amortization begins.
  • Projected distributions of 5.00% in year one and 4.96% average across the seven-year forecast, stepping down in year six when amortization begins; these are the Sponsor's projections and are not guaranteed.
  • Seven-year projected hold ending at the loan maturity, with an optional Section 721 exchange available.

Financials

Offering

Total offering
$74,165,000
Equity raise
$35,740,000

Debt

Loan amount
$38,425,000
Leverage (loan to total capitalization)
52%
Rate
5.60% fixed (after giving effect to the Interest Rate Swap)
Term
7 years

Projected distributions

Yr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7
5.00%5.05%5.10%5.15%5.20%4.50%4.75%
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%

Projections from the sponsor’s offering documents. Distributions are not guaranteed and may be lower than shown or suspended. See the PPM for assumptions.

Property address

10 Orgill Way, Tifton, GA 31794 (Orgill Southeast Distribution Hub)

Documents

This page summarizes information from the sponsor’s private placement memorandum and is provided for informational purposes only. It is not an offer to sell or a solicitation of an offer to buy any security; offers are made only by the PPM to accredited investors. Figures are as of the offering date and subject to change. DST interests are speculative, illiquid, and involve a high degree of risk, including loss of principal. Securities offered through Aurora Securities, Inc., member FINRA/SIPC.