Jet Aviation FBO Complex, AVE Aviation & Commerce Center
Aviation infrastructure / single-tenant net lease FBO (leasehold) property in Miami (Opa-Locka), FL — sponsored by Four Springs (FSX)
Files with the SEC as Aviation Infrastructure, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Aviation Infrastructure, DST is a Delaware statutory trust — fractional passive ownership whose interests can serve as 1031 replacement property — holding a leasehold interest in the Jet Aviation fixed-base operator complex at Miami-Opa Locka Executive Airport in Florida.1 Four Springs TEN31 Xchange announced the acquisition on July 7, 2025.2 AltsWire reported the $22.35 million offering fully subscribed on November 2, 2025.3
$22.35M; 100% leased Jet Aviation (General Dynamics sub); 41-yr credit lease to 2084; 12.5% bumps/5yr; leveraged leasehold
Show sources (12)Hide sources (12)
These links support the public record as a whole; individual details may come from different sources.
- Four Springs TEN31 Xchange — Aviation Infrastructure DST Private Placement Memorandum ↗
- Four Springs TEN31 Xchange — press release ↗
- AltsWire ↗
- AltsWire — coverage of sponsor acquisition announcement ↗
- The Real Deal ↗
- Jet Aviation ↗
- CBRE Valuation & Advisory Services — appraisal report ↗
- U.S. Securities and Exchange Commission (EDGAR) — Form D ↗
- The Naples Press ↗
- ten31xchange.com ↗
- altswire.com ↗
- exchange-x.com ↗
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The Trust holds a leasehold — a ground-lease interest rather than fee title to the land — inside the AVE Aviation & Commerce Center at Miami-Opa Locka Executive Airport.1 Jet Aviation signed a 40-year sublease there in October 2021, with AVE Airside to build hangars and a base of operations with runway access.5 Jet Aviation announced the complex fully operational on July 24, 2026, with an 8,500-square-foot terminal, roughly 40,000 square feet of hangarage and a 540,000-square-foot ramp.6
- Property address
- 14225 Aviation Drive, Miami (Opa-Locka), FL
- Property size
- 175k SF facility on 27.4 acres
Who is the tenant, and what's the lease?
Jet Aviation, a wholly owned General Dynamics subsidiary, is the sole tenant under a long-term credit net lease — the tenant, not the Trust, carries operating costs, taxes and insurance.4 The sponsor's private placement memorandum, the offering's full disclosure document, names Jet Aviation of America, Inc. and runs the ground-lease initial term to April 30, 2084.1
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $1,670,207
- Still available
- $20,679,793
- Investors reported
- 3
- Total offering
- $22,350,000
How is it financed, and what does it pay?
Debt sits at the Trust level rather than with individual investors, which is how an exchanger's replacement-property debt requirement is met without signing a personal loan. The reviewed public record does not name the lender or establish the loan amount, rate or maturity.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Four Springs TEN31 Xchange (FSXchange) sponsors this Delaware statutory trust and announced the acquisition on July 7, 2025.2 On November 2, 2025 AltsWire reported FSXchange had fully subscribed the Trust and previewed more than $400 million of 2026 DST programs in single-tenant industrial, medical and infrastructure property.3 On August 7, 2026 The Naples Press reported the sponsor proposing to acquire 13 acres and add 43,000 square feet of aviation improvements at a Collier County, Florida airport.9
- Sponsor
- Four Springs (FSX)
- Legal Trust name
- Aviation Infrastructure, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 10 total offerings from Four Springs (FSX)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Form D is the brief notice an issuer files when it sells securities privately rather than registering them; it is not SEC approval. Only the original notice sits on EDGAR, with no amendment reflecting the later full-subscription announcement, and it names Aviation Infrastructure Manager, LLC as promoter sponsor and Aviation Infrastructure Depositor, LLC as promoter manager.8
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is Jet Aviation FBO Complex, AVE Aviation & Commerce Center still raising money?
Top1031 lists Jet Aviation FBO Complex, AVE Aviation & Commerce Center as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Jet Aviation FBO Complex, AVE Aviation & Commerce Center?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does this Trust actually own — the land or the building?
Not the land in fee. The sponsor's private placement memorandum describes the Trust as acquiring a leasehold interest in the property at Miami-Opa Locka Executive Airport, and Four Springs TEN31 Xchange's July 7, 2025 announcement called it a controlled ground-lease interest in the Class A aviation complex. The identity of the ground lessor, consent rights over a sale or refinancing, and what happens to the improvements at the end of the ground-lease term are not settled by the reviewed public record; those mechanics live in the PPM.
Who is the tenant, and is General Dynamics obligated on the rent?
The tenant is Jet Aviation, which the sponsor describes as a wholly owned subsidiary of General Dynamics. Four Springs TEN31 Xchange's July 7, 2025 acquisition release states the property is fully leased to Jet Aviation under a long-term credit net lease, and the private placement memorandum identifies Jet Aviation of America, Inc. No reviewed public document establishes whether the parent guarantees the subsidiary's rent — look for guarantee language, or its absence, in the PPM's lease abstract.
How long does the lease run, and how does rent change?
Sponsor and third-party documents describe the term differently and are worth reading side by side. The private placement memorandum states a ground lease whose initial term expires April 30, 2084. A CBRE appraisal dated May 16, 2025 describes a 41-year lease commencing March 1, 2022 and expiring February 28, 2063, with a renewal option tied to a master ground lease assumed to expire April 30, 2084. Sponsor offering-summary data lists rent escalations of 12.5% every five years. The lease document itself, abstracted in the PPM, is the controlling record.
Is the offering still open to new investors?
AltsWire reported on November 2, 2025 that FSXchange announced full subscription of the $22.35 million Aviation Infrastructure DST. That is a sponsor-reported status. The only SEC filing on record is the Form D dated July 24, 2025, an early snapshot of capital raised, and no amendment on EDGAR reflects the later announcement. Current availability has to be confirmed directly with the sponsor or a selling broker-dealer.
Is the facility actually built and operating?
Yes. Jet Aviation announced on July 24, 2026 that its new fixed-base operator facility at Miami-Opa Locka Executive Airport was fully operational, following an on-site opening event held July 23, 2026. The announcement described an 8,500-square-foot FBO building, roughly 40,000 square feet of new hangarage, a 540,000-square-foot ramp, taxiway connections, fueling and private ramp access. AINonline, Business Airport International, Corporate Jet Investor, BlueSky Business Aviation News and GlobalAir.com covered the opening.
What does the public record say about the property's value or what was paid?
CBRE Valuation & Advisory Services reported an as-is sandwich leasehold interest value of $23,100,000, with a valuation date of March 20, 2025 and a report date of May 16, 2025, for the 27.4-acre site and its then-proposed 175,000-square-foot facility. Research did not establish a primary-record purchase price or debt amount for the Trust. The sources-and-uses table in the PPM is where the acquisition cost, loan terms and offering expenses are set out.
