Grand Rapids Facility
Industrial net lease property in Grand Rapids, Michigan — sponsored by Secure Properties
SEC Form D filed 2026-07-14 (CIK 0002142445, file no. 021-590618) by Secure Net Lease Industrial II, DST (a Delaware statutory trust, industry code 9999 'Other Real Estate'); principal office 450 Lexington Avenue #4539, New York, NY 10163. Related parties/promoters: Secure Net Lease Industrial Manager II, LLC; Secure Net Lease Industrial Depositor II, LLC; Secure Real Estate Exchange, LLC (all at the same New York address). Executive officers: Brian Mansouri (CEO of Manager), Kevin Ross (President of Sole Member of Manager), James Gagliano (Vice President of Sole Member of Manager). Offering sold through Orchard Securities, LLC (CRD 133378), 365 Garden Grove Lane, Suite 100, Pleasant Grove, UT 84062, under Rule 506(c) (Item 06c). Total offering amount $28,621,000; amount sold $0 as of filing (yet to sell). No dedicated trade-press or sponsor-site article specifically naming 'Secure Net Lease Industrial II, DST' was identified; coverage relates to the sponsor's DST platform launch (Jan
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
Secure Net Lease Industrial II, DST is a Delaware statutory trust — fractional, passive real estate ownership whose interests can serve as replacement property in a 1031 exchange — holding one industrial and research building in Grand Rapids, Michigan, net-leased to GE Aviation Systems LLC under a GE Aerospace corporate guaranty.1 Secure Properties sponsors it, and the Offering is raising from accredited investors, buyers meeting SEC income or net-worth tests.
Minimum investment
$25k
Offering size
$28.6M
How much has sold
None sold yet
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
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?
Sponsor material describes a single-tenant industrial and research facility on roughly 42 acres near Gerald R. Ford International Airport, serving as a primary U.S. GE Aerospace avionics site where electronic systems are designed, manufactured and tested; a GE unit has occupied it since 2007.1 CoStar reported on August 3, 2026 that Global Net Lease sold the fully leased building for $48.41 million, or $131.20 per square foot.2
- Property address
- 3290 Patterson Ave SE, Grand Rapids, Michigan
- Property size
- ~369,000-square-foot building
Who is the tenant, and what's the lease?
Sponsor-sourced material identifies GE Aviation Systems LLC as the tenant under a net lease — the tenant carries most operating costs — renewed for roughly ten years running through December 31, 2035 with 2.0% annual rent increases, backed by a full corporate guaranty from parent GE Aerospace.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.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
The Form D discloses no loan terms. Sponsor-sourced material describes the Trust as leveraged, with an Old National Bank mortgage inside a total capitalization of about $55.4 million; a lender is repaid ahead of investors, and DST holders cannot renegotiate a loan themselves.1
Who's behind it?
Secure Properties is a New York-based net-lease investor that opened its DST platform on January 28, 2026 with Secure Net Lease Industrial I, a $21.9 million offering on a 123,000-square-foot industrial building. AltsWire reported on July 20, 2026 that the debut DST was fully subscribed and that this second, larger Trust had launched. Brian Mansouri is chief executive of the manager, with Kevin Ross and James Gagliano as officers; Orchard Securities, LLC places the interests.
- Sponsor
- Secure Properties
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 2 total offerings from Secure Properties
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
No amendment has been filed since the original notice, so the SEC record speaks only as of that date. Interests are offered under an exemption that permits general advertising, provided the sponsor verifies that every buyer is an accredited investor — someone meeting SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- Secure Net Lease Industrial II, DST
- 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 Grand Rapids Facility still raising money?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
Where does Top1031 get the data for Grand Rapids Facility?
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 own?
A single-tenant industrial and research building at 3290 Patterson Ave SE in Grand Rapids, Michigan, of approximately 369,000 square feet, described in sponsor material distributed by Baker 1031 as sitting on about 42 acres near Gerald R. Ford International Airport and used as a GE Aerospace avionics facility. CoStar reported on August 3, 2026 that Global Net Lease sold a fully leased 369,000-square-foot building at that address for $48.41 million, or $131.20 per square foot.
Who is the tenant and how long is the lease?
Sponsor-sourced offering material distributed by Baker 1031 identifies the tenant as GE Aviation Systems LLC, with a full corporate guaranty from parent GE Aerospace, and states that GE has occupied the site since 2007, renewed for roughly ten years through December 31, 2035, with 2.0% annual rent increases, and that the tenant plans more than $14 million of investment at the site. None of those terms appear in the SEC filing, so the lease itself and the PPM — the private placement memorandum governing the offering — are where an investor confirms the expiry date, escalations, renewal rights and any termination options.
Does the Trust use debt?
Yes, according to sponsor-sourced material distributed by Baker 1031, which describes total capitalization of $55,410,500 including $26,789,500 of mortgage debt from Old National Bank at a 5.938% fixed rate, with in-place leverage of about 48.35% loan-to-value. The Form D discloses no lender or loan terms, so the loan documents referenced in the PPM are the governing record for the rate, amortization, maturity and any recourse or springing guaranties.
Who sold the building, and for how much?
CoStar reported on August 3, 2026 that Global Net Lease sold the fully leased building at this address for $48.41 million, and Crain's Grand Rapids Business reported on August 7, 2026 that the GE Aerospace property near the Grand Rapids airport sold for about $48 million. Neither report reviewed names the buying entity, and no source reviewed names this Trust as the holder of title, so the purchase agreement and title documents referenced in the PPM are where the Trust's basis and closing date are confirmed.
Is the Trust still open to new investors?
Treat current availability as unsettled and confirm it in writing. Only the original Form D, filed July 14, 2026, appears on EDGAR, with no amendment located since, so the SEC snapshot speaks solely as of that filing date, and distributor marketing pages are not filings. Ask the sponsor or your broker-dealer for current availability before naming this Trust on a 45-day identification list.
Why does the DST structure matter for a 1031 exchange?
A Delaware statutory trust holds title to the real estate and issues beneficial interests. The IRS treats those interests as real property for Section 1031 purposes, so an exchanger can place sale proceeds into a DST instead of buying a whole building. Investors have no management role and cannot direct the property, the lease or the loan. This Trust is offered under Rule 506(c), meaning it may be advertised publicly but every buyer must be verified as accredited. The Form D discloses no 721/UPREIT exit — a later contribution of the property to a REIT in exchange for operating-partnership units.
Chapter 9Grand Rapids, Michigan, flex building fully leased to GE Aerospace sellsCoStar reported that Global Net Lease sold the 369,000-square-foot flex building at 3290 Patterson Ave. SE in Grand Rapids, fully occupied by GE Aerospace through 2035, for $48.41 million. Secure Properties Fully Subscribes Debut DST, Launches Second Seeking $28.6MSecure Properties fully subscribed its debut DST and launched Secure Net Lease Industrial II as a $55.4 million vehicle seeking $28.6 million in equity, anchored by a GE Aviation-leased property with a GE Aerospace guaranty.