Syndicated Equities Buys 100% Net Leased Winnebago Property for DST Offering
Syndicated Equities, a sponsor of securitized 1031 exchange offerings, announced the acquisition of the Winnebago Industries Innovation Center in Savage, Minn., for a new Delaware statutory trust offering: SE 8925 Highway 101 (Savage), DST.
The company will accommodate investors completing 1031 exchanges, along with accredited individual investors, and seeks to raise approximately $4.7 million.
The property consists of a 45,306 square-foot, one-story, industrial building that is 100% net leased to Winnebago Industries. Originally constructed in 2017, the property underwent a renovation to Winnebago’s specifications in 2023 and is now its primary research, development, and testing facility. Winnebago utilizes it for the creation of new prototypes, technology enhancements for its vehicles, data and connectivity upgrades, advanced materials construction, and self-driving autonomy development.
Winnebago chose this location based on its proximity to its corporate headquarters three miles northwest, also owned by an affiliate of Syndicated.
Syndicated Equities provides accredited investors and family offices with commercial real estate investments. Since 1986, the firm has focused on co-investment ownership, net lease brokerage services, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made more than 100 investments representing over $600 million of equity and $4 billion of total asset value.