1201 Industrial

Industrial in North Kansas City, MO — sponsored by SR Realty Trust

Sponsor SR Realty Trust (Schafer Richardson); tenants Wagner, United, Lamar; min $500k; $3.6M/$17.2M sold (7/2025)

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City-level mapNorth Kansas City, MO metroMap shows the city, not the exact address.
Chapter 1

What is this, in one paragraph?

SRRT 1201 Industrial DST is a Delaware statutory trust — fractional, passive real estate ownership that can qualify for 1031 exchange treatment — holding two adjoining industrial parcels in North Kansas City, Missouri.1 Wagner Industries occupies the large warehouse and United Rentals the smaller Quebec Street building.1 Sponsored by SR Realty Trust, it is raising from accredited investors, buyers who meet SEC income or net-worth tests.

Minimum investment
$500k
Offering size
$17.2M
How much has sold
21.0%
Financing
All cash. This offering reports no mortgage debt.

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.

Chapter 2

What exactly is the property?

SRRT 1201 Industrial, LLC, a wholly owned subsidiary of the Trust, bought the two adjoining North Kansas City parcels on May 22, 2025 from Wagner Industries, LLC for $29,500,000.1 The seller's logistics business stayed on as the principal tenant, making the transaction in substance a sale-leaseback.1 The sponsor's overview brochure marketed the portfolio as 100% leased and occupied.6

Property address
1110 Quebec Street; 1201 E 12th Avenue, North Kansas City, MO
Property size
~500,000 SF industrial building plus adjacent United Rentals facility and ~12 acres of excess land
Chapter 3

Who is the tenant, and what's the lease?

Wagner Industries, the seller's operating business, leases the 12th Avenue warehouse for an initial 120 months with four 60-month extension options.4 United Rentals holds the Quebec Street building through March 31, 2029, with two five-year renewal options beyond that.5 The Wagner lease names affiliate 1201 Industrial MT, LLC as landlord — a master tenant, which keeps the Trust itself passive.4

Chapter 4

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.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Jul 16, 2025.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
21.0% reported sold
Amount sold
$3,643,581
Reported unsold
$13,586,419
Investors reported
1
Total offering
$17,230,000
Not enough filings yet to show a trend.
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Chapter 5

How is it financed, and what does it pay?

This is a leveraged Trust rather than an all-cash one: the property carries a $15,750,000 acquisition loan from Bridgewater Bank, secured by the real estate.1 The memorandum describes an approximately ten-year term, with interest-only payments for the first five years and principal-and-interest payments after that.1

Chapter 7

What does the paperwork say?

The Trust's entire SEC record is a single Form D — the brief notice an issuer files after its first sale, not a document the SEC reviews for accuracy — with no amendment since.3 It is offered under the private-placement exemption that permits public advertising if the sponsor verifies each buyer's accredited status.

  1. Form D filedFirst and latest filing on record.
Legal Trust name
SRRT 1201 Industrial 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.

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.

Chapter 8

Common questions

Is 1201 Industrial still raising money?

The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.

Where does Top1031 get the data for 1201 Industrial?

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 actually own?

Two adjoining industrial parcels in North Kansas City, Missouri. The private placement memorandum — the PPM, the sponsor's principal disclosure document — describes approximately 34.60 acres with about 483,725 square feet of improvements at 1201 East 12th Avenue, and approximately 3.62 acres with about 16,287 square feet at 1110 Quebec Street. The sponsor's June 11, 2025 closing announcement also described roughly 12 acres of excess land. Legal title sits in a wholly owned subsidiary, SRRT 1201 Industrial, LLC; investors hold beneficial interests in the Delaware statutory trust rather than a deed.

Who are the tenants, and what do the leases say?

The executed Wagner lease covers approximately 483,725 rentable square feet at 1201 East 12th Avenue, names Wagner Industries, LLC as tenant and affiliate 1201 Industrial MT, LLC as landlord, and runs an initial 120 months with four successive 60-month extension options. United Rentals occupies 1110 Quebec Street; Amendment No. 4, effective March 22, 2024, carries the exercised renewal term through March 31, 2029, with two further five-year options running to 2034 and 2039 if exercised. The sponsor also lists Lamar among the tenants. The overview brochure states a weighted-average remaining lease term of 9.70 years and describes the portfolio as 100% leased and occupied.

Is there debt on the property?

Yes. The PPM states the acquisition was financed in part with a $15,750,000 loan from Bridgewater Bank secured by the property, with a fixed annual interest rate of 6.21%, an approximately ten-year term, monthly interest-only payments during the first five years and principal-and-interest payments thereafter. Leverage means a lender's claim sits ahead of investors, and an uncured default can put the property at risk of foreclosure. Confirm the current loan terms against the executed loan documents and the current PPM before relying on any summary.

How large is the offering, and what is the minimum investment?

The Form D filed with the SEC on July 16, 2025 reports a total offering amount of $17,230,000 in beneficial interests. The sponsor's materials and the filing state a $500,000 minimum investment. The offering is made under Rule 506(c), the private-placement exemption that allows general advertising provided the sponsor takes reasonable steps to verify that every purchaser is an accredited investor. Form D figures are a snapshot as of the filing date, not an ongoing report.

Has anything notable happened since the acquisition?

The Greater Kansas City Chamber of Commerce reported that Wagner Logistics is marking its 80th anniversary with a commemorative open house scheduled for September 2, 2026 at its corporate offices at 1201 E. 12th Avenue — the address of the Trust's larger building. SR Realty Trust's November 2025 newsletter referenced the 1201 Industrial property and its Wagner Logistics and United Rentals leases, and the sponsor posted a platform-level PPM supplement on July 2, 2026. The SEC filing history retrieved on September 5, 2026 shows no filing after July 16, 2025, and no sale, refinancing or final close has been reported.

Can this Trust convert into a REIT interest?

The record shows no 721/UPREIT feature — the arrangement in which a DST's property is later contributed to a REIT's operating partnership in exchange for units. Nothing in the filings or sponsor materials reviewed describes such a conversion path for this Trust, so an investor should expect the exit to depend on a sale or refinancing of the North Kansas City property. The PPM governs; read its exit-strategy discussion directly.

Chapter 9

In the news

Chapter 11

What can I do next?

Check the source documents, compare this offering with other public records, or ask a licensed specialist about the facts shown here.