Secure Net Lease Industrial II, DST
Files with the SEC as Secure Net Lease Industrial II, DST
Offering size$28.6M
Minimum investment$25k
Asset typeIndustrial
LocationNot stated
FinancingNot stated. The filings for this offering do not say whether it carries mortgage debt.
May convert to a REIT721/UPREIT exit, as reported by the sponsorNo
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.
Secure Net Lease Industrial II, DST is a Delaware statutory trust sponsored by Secure Properties that holds a single asset: an approximately 369,000-square-foot single-tenant industrial and research-and-development facility on about 42 acres at 3290 Patterson Avenue SE in Grand Rapids, Michigan, built in 1995. Offering material reports the building is entirely net-leased to GE Aviation Systems LLC under a GE Aerospace guaranty, with the term extended to December 31, 2035 and 2.0% annual rent escalators. Capitalization reported in July 2026 totals $55,410,500, comprising $28,621,000 of equity and a $26,789,500 fixed-rate Old National Bank loan, an in-place loan-to-value of 48.35%.
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
Location not on recordThe SEC filings for this offering do not give a property address. The filing history below is the current public record.
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
None sold yetNone of the offering is reported sold in the sponsor’s latest SEC filing.
Not enough filings yet to show a trend.
Amount sold—
Amount left to sellOffering size minus amount sold$28,621,000
Investors so farNot stated
Minimum investment$25,000
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First filingJul 14, 2026
Latest filingJul 14, 2026
Filings on record1
How it may be offeredMay be advertised publicly. Every buyer’s accredited status must be verified.Rule 506(c)
Read the filings on SEC EDGARA 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.
Offering profile
SEC filings and cited sources
Property and tenant
Secure Net Lease Industrial II, DST is a Delaware statutory trust attributed to sponsor Secure Properties. 1 Its sole property is an approximately 369,000-square-foot single-tenant industrial and R&D building on roughly 42 acres at 3290 Patterson Avenue SE in Grand Rapids, Michigan, constructed in 1995 and served by 1,267 on-site parking spaces. Offering material dated July 14, 2026 reports the facility is 100% net-leased to GE Aviation Systems LLC and fully guaranteed by GE Aerospace, formerly General Electric Company, an S&P 500 issuer carrying Moody's A2 and S&P A- ratings. GE has occupied the site since 2007, when it came with the acquired Smiths Group aerospace business, and the lease was extended by about ten years to December 31, 2035, with 2.0% annual rent escalators and no tenant termination options. 2
Capitalization, debt, and basis
Capitalization reported in that July 14, 2026 offering material totals $55,410,500, split between $28,621,000 of equity and $26,789,500 of debt, an in-place loan-to-value of 48.35%. The acquisition loan is from Old National Bank and fixed at 5.938% through an interest-rate swap, interest-only for the first three years and amortizing thereafter, with a balloon maturity of October 1, 2034; the trust is contractually prohibited from refinancing it. The same material states the property was acquired at a 3% discount to a JLL appraisal dated June 16, 2026, implying a 6.39% acquisition cap rate. 2 An issuer notice filed July 14, 2026 reported an offering amount of $28,621,000. 3
Sponsor
Secure Properties announced the launch of its Delaware statutory trust platform alongside a first DST acquisition in January 2026, reporting at that time ownership of more than 400 properties and over $1.5 billion in assets under management. 4
In the news
Frequently asked questions
Is Secure Net Lease Industrial II, DST still raising money?
Top1031 lists Secure Net Lease Industrial II, DST 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 Secure Net Lease Industrial II, DST?
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.