Tallahassee industrial / last-mile logistics facility
Legal trust name Secure Net Lease Industrial I, DST
Sponsor not disclosedJust launchedIndustrial
Talk to a 1031 specialistData updated Jan 28, 2026
Offering size$21.9M
Asset typeIndustrial
LocationTallahassee, FL
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJan 28, 2026
Last filedJan 28, 2026
Minimum$21.9M
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 I, DST — marketed as a Tallahassee industrial / last-mile logistics facility — owns a newly built, 123,903-square-foot Class-A warehouse at 3799 Northwest Passage, Tallahassee, Florida, leased to Amazon.com Services, LLC. The net lease runs roughly 13 years with five five-year renewal options and 2.50% annual rent escalations, and the subtenant covers real estate taxes, insurance, and operating expenses. Amazon.com, Inc. serves as parent guarantor. Secure Properties sponsors the offering through Secure Real Estate Exchange as its first Delaware Statutory Trust. The issuer filed a Form D on January 28, 2026 noting a $21,930,000 offering.
Equity $21.93M; 506(c); IG publicly traded e-commerce tenant, LT net lease; Orchard Securities mng BD; $0 sold at 1/28/26
123k SFBased on issuer-filed Form D notices through Jan 28, 2026. 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 amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$21,930,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$21,930,000
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First filedJan 28, 2026
Latest filingJan 28, 2026
Filings tracked1
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
Secure Net Lease Industrial I, DST owns the Amazon Last Mile Distribution Center at 3799 Northwest Passage, Tallahassee, Florida — a newly built, 123,903-square-foot single-tenant Class-A warehouse and distribution center leased to Amazon.com Services, LLC 1. The facility functions as a last-mile logistics site serving the greater Tallahassee market, including Florida State University and the state-capital region 2.
Lease structure
The lease is net, with the subtenant responsible for real estate taxes, insurance, and other operating expenses 1. The sponsor reports approximately 13 years remaining, five five-year extension options exercisable by the subtenant, and base rent escalating 2.50% annually; per an appraisal cited in the brochure, the rental rate is below market relative to comparable Amazon last-mile facilities 1. The sponsor states the Trust acquired the property at 5.0% below the actual development costs indicated in the First Amendment to the Amazon lease 1.
Tenant credit
The parent guarantor is Amazon.com, Inc. (NASDAQ: AMZN), which the sponsor reports carried a Standard & Poor's rating of AA (stable), affirmed March 17, 2025, and a Moody's rating of A1 (stable), and reported 1.56 million U.S. employees as of December 31, 2024 1.
Sponsor
Secure Properties, described as a national net-lease real estate firm owning more than 400 properties and managing over $1.5 billion in assets, launched its Secure Real Estate Exchange DST platform with this offering as its first acquisition; Brian Mansouri serves as Managing Principal and as President of the DST sponsor 2.
Offering status
The issuer filed a Form D on January 28, 2026 reporting a $21,930,000 total offering amount and zero sold as of that date 3. Top1031's dated structured record reflects the same $21,930,000 offering figure derived from that filing and does not evidence current availability 4.
In the news
Frequently asked questions
Is Tallahassee industrial / last-mile logistics facility currently active?
Tallahassee industrial / last-mile logistics facility 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 Tallahassee industrial / last-mile logistics facility?
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.