KB Ohio Logistics (FedEx Ground BTS)
Industrial property in Bowling Green, Ohio · sponsored by Kingsbarn Realty Capital
KB Ohio Logistics (FedEx Ground BTS) was a DST sponsored by Kingsbarn Realty Capital that owned an industrial property in Bowling Green, Ohio. Its last Form D was filed Apr 27, 2023.
How it ended
No outcome recorded · under 7 years
Last Form D filed Apr 27, 2023.
Kingsbarn Realty Capital has 10 active offerings on record →
Key facts
- Minimum investment
- $505,000From the Form D
- Offering size
- $50,500,000Equity offered, per the Form D
- Sold
- 12.1%Form D, Apr 27, 2023; the % is our arithmetic
- Investors reported
- Form D, Apr 27, 20231
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: KB Ohio Logistics (FedEx Ground BTS). Top1031 is not a broker-dealer.KB Ohio Logistics (FedEx Ground BTS) · Bowling Green, Ohio · Photo: docvault-docs.kingsbarn.com
What did the Trust own?
FedEx Ground signed on for a new distribution center in Bowling Green's Woodbridge Business Park; the land was bought December 28, 2021, and site work started the next day. 3 Kingsbarn describes the finished building as build-to-suit construction completed in 2022. 1 Local reporting places it at 2490 Woodstream Drive on a 49.3-acre parcel with 32-foot clear height, 73 truck docks and a 120-foot truck court. 2 Kingsbarn's prior-performance table dated May 1, 2023 reports a purchase price of $43,430,110. 4
- Reported location
- Bowling Green, Ohio
- Property size
- +/-250,956 SF
How was it financed, and what did it cost to sell?
The Form D on record does not disclose whether the Trust used mortgage debt, and no lender is named in the sponsor or public sources reviewed. The capital structure, if any debt exists, would be set out in the offering documents.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,020,000 · 5.9% of offeringForm D Item 16· The filing’s note: “Repayment to Depositor from offering proceeds used to redeem Class 2 interests held by Depositor and fees to be paid to Sponsor.”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Apr 12, 2023
- Minimum investment
- $505,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together.
Who's behind the Trust?
- Sponsor
- Offerings on record
What does the SEC record show?
No amendment has followed the original notice, so the SEC file for this Trust has not been updated since the offering launched. 6 It is offered under Rule 506(c), the exemption that permits public advertising but limits purchases to investors whose accredited status is verified.
- Legal Trust name
- KB Ohio Logistics, DST
- SEC CIK
- 1974939
- First Form D
- Apr 27, 2023
- Latest Form D
- Apr 27, 2023
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $50,500,000 | $6,146,754 | 1 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to KB Ohio Logistics (FedEx Ground BTS)?
- KB Ohio Logistics (FedEx Ground BTS) is a Historical offering. Last Form D filed Apr 27, 2023.
- What exactly does an investor own here?
- A beneficial interest in KB Ohio Logistics, DST, a Delaware Statutory Trust holding a single industrial distribution center in Bowling Green, Ohio, of roughly 250,956 square feet net-leased to FedEx Ground. The DST wrapper is what makes the fractional interest usable as replacement property in a 1031 exchange; the trustee holds title and investors do not manage the building.
- How long is the FedEx Ground lease, and what happens after?
- Kingsbarn describes a brand-new 15-year lease in place at acquisition in 2023. Renewal options, rent escalations and the tenant's early-termination rights, if any, are disclosed in the offering documents rather than in the SEC filing. FedEx Ground is the named tenant; the lease obligation belongs to that entity, not to the individual facility.
- Does this Trust have a 721/UPREIT exit?
- No. The record shows no provision for converting investor interests into operating-partnership units of a REIT — a 721/UPREIT exit, which some sponsors use to roll DST investors into a larger portfolio. Any exit here would come through a sale or refinancing of the property as described in the offering documents.
- Is the Trust leveraged?
- Not established. The Form D does not report leverage, and no mortgage lender, loan amount or loan-to-value figure was found in sponsor materials or public reporting during research on August 30, 2026. Treat the capital structure as unknown until you read the offering documents.
In the news
Sources
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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 offering documents before investing.