Skorpios Technologies semiconductor facility – Temecula, CA
Industrial property in Temecula, CA · sponsored by NexPoint
Skorpios Technologies semiconductor facility – Temecula, CA was a DST sponsored by NexPoint that owned an industrial property in Temecula, CA (450,568 sq ft). Its last Form D, filed Oct 7, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Oct 7, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $136,944,633Equity offered, per the Form D
- Sold
- 100%Form D, Oct 7, 2025; the % is our arithmetic
- Investors reported
- Form D, Oct 7, 2025315
- Selling commissions
- Form D Item 15; the % is our arithmetic$11,982,655 · 8.7% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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: Skorpios Technologies semiconductor facility – Temecula, CA. Top1031 is not a broker-dealer.What did the Trust own?
The property is a single-tenant industrial and laboratory fab at 41915 Business Park Drive in Temecula, California, fully leased to Skorpios Technologies. 1 Commercial Real Estate Direct reported that NexPoint Real Estate Advisors paid $190 million for the building in 2023. 2 Skorpios stated the building was purchased and leased to it on April 7, 2023. 3 The tenant announced on March 4, 2024 that further funding had closed to complete its relocation there. 4
- Reported location
- Temecula, CA
- Property size
- 450,568 sq ft
How was it financed, and what did it cost to sell?
Form D captures only the equity side of an offering, so it says nothing about mortgage debt. Neither the filings on record nor NexPoint's public announcements reviewed here state whether this Trust is leveraged or all-cash; the offering documents are where the loan terms, if any, would appear.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $11,982,655 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,671,668 · 2.6% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition fees that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 33 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- APW Capital, Inc. · CRD 43814
- American Trust Investment Services, Inc. · CRD 3001
- Arkadios Capital · CRD 282710
- Aurora Securities · CRD 46147
- Ausdal Financial Partners, Inc. · CRD 7995
- Cabin Securities, Inc. · CRD 137608
- Capulent LLC · CRD 155155
- Centaurus Financial, Inc. · CRD 30833
- Client One Securities LLC · CRD 152974
- Emerson Equity LLC · CRD 130032
- FMN Capital Corporation · CRD 38105
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- Harbour Investments, Inc · CRD 19258
- Huntwicke Securities, LLC · CRD 146993
- IBN Financial Services, Inc. · CRD 42360
- Independent Financial Group, LLC · CRD 7717
- Innovation Partners LLC · CRD 146344
- Investment Security Corporation · CRD 47536
- MHL Investments · CRD 2535
- McDermott Investment Services, LLC · CRD 154926
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Moloney Securities Co., Inc. · CRD 38535
- Patrick Capital Markets, LLC · CRD 16518
- Realized Financial, Inc. · CRD 22333
- Realta Equities, Inc. · CRD 23769
- Saxony Securities, Inc. · CRD 115547
- Stax Capital · CRD 300607
- Stonecrest Capital Markets, Inc. · CRD 39616
- TCFG Wealth Management, LLC · CRD 164153
- Wealthforge Securities, LLC · CRD 152550
- Willow Cove Investment Group, Inc. · CRD 107824
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Nov 20, 2023
- Minimum investment
- $100,000
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. The issuer marked these amounts as an estimate.
Who's behind the Trust?
The Form D names NexPoint Real Estate Advisors IV, L.P. as the sponsor of this Trust. 6 The sponsor announced the offering on October 19, 2023, describing a semiconductor manufacturing property in Temecula, California, acquired for a 1031 exchange program. 7 It announced on September 29, 2025 that the raise had been completed. 5
- Sponsor
- Offerings on record
What does the SEC record show?
The record opens with a Form D — the short SEC notice an issuer files for an offering exempt from registration — following the first sale on November 20, 2023. 6 Nearly two years of amendments followed, each stepping the reported sales figure upward until the final amendment closed out the raise.
- Legal Trust name
- NexPoint Semiconductor Manufacturing DST
- SEC CIK
- 1998394
- First Form D
- Nov 22, 2023
- Latest Form D
- Oct 7, 2025
- Filings on record
- 26
- 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/A | $136,944,633 | $136,944,633+$35,088,168 | 315+83 | EDGAR | |
| Form D/A | $136,944,633 | $101,856,465+$3,104,529 | 232+8 | EDGAR | |
| Form D/A | $136,944,633 | $98,751,936+$3,158,273 | 224+7 | EDGAR | |
| Form D/A | $136,944,633 | $95,593,663+$6,710,343 | 217+16 | EDGAR | |
| Form D/A | $136,944,633 | $88,883,320+$1,813,037 | 201+7 | EDGAR | |
| Form D/A | $136,944,633 | $87,070,283+$6,453,847 | 194+14 | EDGAR | |
| Form D/A | $136,944,633 | $80,616,436+$1,693,823 | 180+3 | EDGAR | |
| Form D/A | $136,944,633 | $78,922,613+$4,180,904 | 177+12 | EDGAR | |
| Form D/A | $136,944,633 | $74,741,709+$7,884,397 | 165+19 | EDGAR | |
| Form D/A | $136,944,633 | $66,857,312+$5,741,755 | 146+14 | EDGAR | |
| Form D/A | $136,944,633 | $61,115,557+$3,155,067 | 132+10 | EDGAR | |
| Form D/A | $136,944,633 | $57,960,490+$14,408,363 | 122+24 | EDGAR | |
| Form D/A | $136,944,633 | $43,552,127+$930,923 | 98+5 | EDGAR | |
| Form D/A | $136,944,633 | $42,621,204+$20,639,196 | 93+14 | EDGAR | |
| Form D/A | $136,944,633 | $21,982,008+$4,030,554 | 79+13 | EDGAR | |
| Form D/A | $136,944,633 | $17,951,454+$2,466,969 | 66+9 | EDGAR | |
| Form D/A | $136,944,633 | $15,484,485+$4,203,753 | 57+12 | EDGAR | |
| Form D/A | $136,944,633 | $11,280,732+$512,766 | 45+2 | EDGAR | |
| Form D/A | $136,944,633 | $10,767,966+$1,803,552 | 43+8 | EDGAR | |
| Form D/A | $136,944,633 | $8,964,414+$1,355,425 | 35+6 | EDGAR | |
| Form D/A | $136,944,633 | $7,608,989+$2,235,235 | 29+8 | EDGAR | |
| Form D/A | $136,944,633 | $5,373,754+$806,799 | 21+4 | EDGAR | |
| Form D/A | $136,944,633 | $4,566,955+$1,539,774 | 17+7 | EDGAR | |
| Form D/A | $136,944,633 | $3,027,181+$2,320,541 | 10+5 | EDGAR | |
| Form D/A | $136,944,633 | $706,640+$240,319 | 5+4 | EDGAR | |
| Form D | $136,944,633 | $466,321 | 1 | EDGAR |
Show all 26 SEC Form D filings
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 Skorpios Technologies semiconductor facility – Temecula, CA?
- Skorpios Technologies semiconductor facility – Temecula, CA is a Historical offering. The last Form D, filed Oct 7, 2025, reports the offering fully sold.
- Who occupies the building?
- Skorpios Technologies Inc., a semiconductor company that NexPoint says performs contract fabrication and next-generation fabrication, occupies the Temecula property as sole tenant. Commercial Property Executive reported that Skorpios fully leases the manufacturing plant at 41915 Business Park Drive. Because there is one tenant, the Trust's rent depends entirely on that company's ability to keep paying.
- What does the 15-year triple-net lease mean for an investor?
- Triple-net means the tenant pays property taxes, insurance and maintenance directly, so the landlord's obligations are lighter than in a gross lease. NexPoint states the initial term runs 15 years with extension options, and Skorpios described two ten-year options. Renewal is the tenant's choice, not the Trust's.
- How much debt does the Trust carry?
- Not confirmed in public records. Form D filings do not report loan terms, and NexPoint's announcements reviewed here do not state a loan-to-value or lender. A third-party listing site publishes debt and LTV figures for this Trust, but research could not confirm them in SEC filings or sponsor material, so they are not reported here. The offering documents are the source of record.
- Why do reported square footages differ?
- Sponsor, tenant and third-party materials describe the fab as roughly 450,000 square feet, and Skorpios called it a 450,000-square-foot state-of-the-art site in its March 4, 2024 announcement. One independent report, Commercial Property Executive's September 30, 2025 coverage, cited 391,231 square feet. Top1031 carries the larger figure used across sponsor and tenant sources.
- Is there a 721/UPREIT exit here?
- The record shows no provision for converting investor interests into operating-partnership units of a REIT — the so-called 721 or UPREIT exit. In DSTs that do offer it, investors can end up holding REIT units instead of real estate, which changes the tax picture. Any exit mechanics for this Trust would be described in 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.