Amazon Robotic Fulfillment Center - North Andover
Legal trust name BOSTON LOGISTICS PROPERTY DST
Talk to a 1031 specialistData updated Jul 3, 2025
Offering size$591.8M
Asset typeIndustrial
LocationNorth Andover, MA
FinancingLeveraged
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedOct 24, 2024
Last filedJul 3, 2025
Minimum—
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.
Amazon Robotic Fulfillment Center - North Andover is the marketing name for Boston Logistics Property DST, a Delaware statutory trust sponsored by Net Lease Capital Advisors. The trust owns a single-tenant, triple-net industrial property in North Andover, Massachusetts, fully leased to Amazon.com, Inc. Built in 2023, the roughly 3.5 million-square-foot, five-floor sortable fulfillment center includes office and mezzanine processing space, 68 loading docks, and 1,715 parking spaces. Sponsor disclosures dated January 2025 report a total offering of about $591.8 million, an equity portion of roughly $90.2 million, and a loan-to-value near 84.75%.
Sponsor Net Lease Capital; 100% Amazon.com NNN; LTV 84.75%; min $150k; $90.2M equity of $591.8M; closed
~3.5M SF rentable (3.8M SF gross, 5-story, built 2023)Based on issuer-filed Form D notices through Jul 3, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount99.0%
Capital sold, per latest Form D$584,656,989
Remaining amount reported in latest Form D$7,135,711
Investor count reported in latest Form D270
Stated minimum investment—
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First filedOct 24, 2024
Latest filingJul 3, 2025
Filings tracked3
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and tenant
Boston Logistics Property DST owns a single-tenant, triple-net (NNN) industrial property in North Andover, Massachusetts, 100% leased to Amazon.com, Inc. Built in 2023, the asset comprises approximately 3.5 million rentable square feet configured as a five-floor sortable fulfillment center with office and mezzanine processing space, 68 loading docks, and 1,715 parking spaces. 1
Capitalization and debt
As of January 2025, sponsor disclosures report a total offering size of $591,792,700, an equity portion of $90,248,387, a loan-to-value of 84.75%, and a stated minimum investment of $150,000. 1 The property carries two loans, both on 20-year terms maturing October 10, 2042: Loan A at 3.366% with a $22.6 million balloon, and Loan B at 6.9% with a $249.3 million balloon. 1
A Form D/A filed on July 3, 2025 reported a total offering amount of $591,792,700 and total sold of $584,656,989 as of that date. 3
Sponsor
Net Lease Capital Advisors, founded in 1996, is described as a net-lease investment and advisory firm specializing in Delaware Statutory Trust programs, reporting more than $15 billion in closed transactions across a single-tenant portfolio leased to corporate and government tenants under long-term net leases. 2
In the news
Frequently asked questions
Is Amazon Robotic Fulfillment Center - North Andover currently active?
Amazon Robotic Fulfillment Center - North Andover is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Amazon Robotic Fulfillment Center - North Andover?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.