5902 N 9th St Industrial

Top1031 lists 5902 N 9th St Industrial as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

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.

The two public sources use different bases. The Form D, most recently amended May 27, 2026, reports a total offering amount of $15,292,000, and the SEC form leaves the minimum-investment field at $0. SR Realty Trust's March 2026 private placement memorandum instead describes a total cost to investors of approximately $33,292,000 — $10,245,640 of interests offered, including a $275,000 initial reserve, plus the $18,000,000 loan — and sets a $500,000 minimum equity purchase. Nothing on the public record reconciles the two presentations, and the memorandum is the binding document.

SR Realty Trust's March 20, 2026 overview brochure describes the 203,500-square-foot building as fully leased to two tenants, OTR Engineered Solutions and Pacific Engineering Inc., with a weighted average lease term of nine years. The executed OTR lease, dated September 30, 2024, covers approximately 153,000 square feet in Suite B. CoStar named that OTR lease among Omaha's top fourth-quarter 2024 industrial leases in a list published February 13, 2025.

SR Realty Trust's private placement memorandum states the Trust acquired the improved property on December 16, 2025 for $28,520,000. The loan agreement names Associated Bank, National Association as lender for $18,000,000, secured by the property, non-recourse to investors, and maturing December 16, 2032. The loan agreement excerpt on the public record does not state an interest rate, so the memorandum is the document to read on pricing and payment terms.

A master tenant does. Concurrent with the acquisition the Trust entered into a master lease with 5902 Industrial MT, LLC, a Minnesota limited liability company that the memorandum says is wholly owned by the Initial Beneficiary. That arrangement is standard for a Delaware statutory trust, which cannot actively operate real estate, but it means the Trust's rent obligor is a sponsor-affiliated entity sitting between the Trust and the two building tenants.

No source reviewed says it does. WOWT on June 30, 2026 and KMTV on July 1, 2026 reported that Pacific Engineering Incorporated will be the first tenant at the Omaha Airport Business Park on Abbott Drive, taking about 150,000 square feet and planning 150 hires at an average $74,000 salary; an August 12, 2026 KMTV report on the Omaha Inland Port Authority's first year repeated that the company is the park's first occupant. That is a different address, and none of the reports says the company is leaving 5902 N 9th St.

The record here shows no 721/UPREIT exit — the structure in which a DST's property is later contributed to a real estate investment trust's operating partnership in exchange for OP units. This Trust is recorded as not converting to a REIT, so an investor's exit would depend on a sale or other disposition of the property rather than a pre-arranged roll-up. The private placement memorandum governs the actual terms.