5902 N 9th St Industrial
Industrial (warehouse/manufacturing, 2-tenant NNN) property in Omaha, NE — sponsored by SR Realty Trust
Sponsor SR Realty Trust; $33.29M price; min $500k; 5.3% tgt; 54% LTV; 100% leased to OTR Eng Solutions + Pacific Engineering; WALT 9yr; built 2024
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These links support the public record as a whole; individual details may come from different sources.
- SR Realty Trust — SRRT 5902 Industrial DST Overview Brochure ↗
- SR Realty Trust — SRRT 5902 Industrial DST Confidential Private Placement Memorandum ↗
- U.S. Securities and Exchange Commission — Form D/A, SRRT 5902 Industrial DST ↗
- SR Realty Trust — Loan Agreement, SRRT 5902 Industrial DST and Associated Bank ↗
- SR Realty Trust — Lease Agreement, 5902 N 9th Street, LLC and OTR Engineered Solutions, Inc. ↗
- srrealtytrust.com ↗
- srrealtytrust.com ↗
What is this, in one paragraph?
SRRT 5902 Industrial DST is a Delaware statutory trust — fractional, passive co-ownership of one property, structured so interests can serve as 1031 replacement property — holding a two-tenant Omaha warehouse and manufacturing building completed in 2024.1 Sponsor SR Realty Trust's private placement memorandum says the Trust acquired it on December 16, 2025 for $28,520,000.2 It is raising now from accredited investors, who meet SEC income or net-worth tests.
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?
The building was completed in 2024 as a class A warehouse and manufacturing facility.1 It leased up before this Trust owned it: CoStar ranked OTR Engineered Solutions' 153,000-square-foot lease here among Omaha's top industrial leases of the fourth quarter of 2024. SR Realty Trust's private placement memorandum — the governing offering document — says the Trust bought the property on December 16, 2025 for $28,520,000, roughly a year after completion.2
- Property address
- 5902 N 9th St, Omaha, NE
- Property size
- 203,500 SF on 11.49 AC
Who is the tenant, and what's the lease?
SR Realty Trust's March 2026 brochure reports the building fully leased to OTR Engineered Solutions and Pacific Engineering Inc. on two-tenant triple-net terms, meaning tenants carry taxes, insurance and maintenance.1 The executed OTR lease is dated September 30, 2024 and names 5902 N 9th Street, LLC as landlord, predating the Trust's ownership.5
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.
- Amount sold
- $7,800,153
- Reported unsold
- $7,491,847
- Investors reported
- 6
- Total offering
- $15,292,000
How is it financed, and what does it pay?
The Trust bought with mortgage debt rather than all cash: sponsor loan documents identify SRRT 5902 Industrial DST as borrower and Associated Bank, National Association as lender.4 An investor owns a share of a financed asset, so borrowing magnifies both gains and losses.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
The private placement memorandum names SRRT Properties, LP, an affiliate of SR Realty Trust, Inc., as sponsor of the offering and the Trust's initial beneficiary.2 The sponsor's brochure describes SR Realty Trust, Inc. as an affiliate of Schafer Richardson.1 The Omaha asset was previewed in the sponsor's November 2025 investor newsletter, with a property-specific brochure following on March 20, 2026. On July 2, 2026 the sponsor posted a supplement adding 2025 audited financials to its January 2026 program-level memorandum.
- Sponsor
- SR Realty Trust
- May convert to a REIT
- No
- Offerings from this sponsor
- 4 active / 4 total offerings from SR Realty Trust
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The initial Form D — the SEC's short notice of an exempt private offering — reports a first sale of interests on March 30, 2026, and the amendments since have updated subscription tallies without changing the stated offering amount of $15,292,000.3 The exemption relied on bars general solicitation, so interests reach investors through existing relationships rather than advertising.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- SRRT 5902 Industrial DST
- Filings on record
- 5
- How it may be offered
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- 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 5902 N 9th St 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 5902 N 9th St 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.
How large is the offering, and what is the minimum investment?
The sources describe it in different terms. The Form D, most recently amended September 11, 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 private placement memorandum states an offering price of $33,292,000, a minimum investment of $500,000, and the sale of up to 67% of the Trust's beneficial interests to accredited investors. The two sets of figures are reported separately and are not reconciled in the public record; the memorandum is where subscription terms are actually set.
Who are the tenants, and what does the lease look like?
SR Realty Trust's March 2026 overview brochure states the building is fully leased to two tenants, OTR Engineered Solutions and Pacific Engineering Inc., and reports approximately nine years of weighted-average lease term remaining on contractual rent as of that brochure. The executed OTR lease is dated September 30, 2024 and identifies 5902 N 9th Street, LLC as landlord. CoStar separately listed the 153,000-square-foot OTR Engineered Solutions lease at 5902 North 9th Street among Omaha's top industrial leases of the fourth quarter of 2024. Individual rent, expiration and renewal terms are set out in the memorandum and the lease documents.
What did the Trust pay for the building, and who is the lender?
SR Realty Trust's private placement memorandum states the Trust acquired the property on December 16, 2025 for $28,520,000, consisting of approximately 11.49 acres and approximately 203,500 square feet of improvements. A loan agreement published by the sponsor identifies SRRT 5902 Industrial DST as borrower and Associated Bank, National Association as lender. The loan's principal amount, rate, amortization and maturity are set out in the memorandum and loan documents rather than in the SEC filings.
Does Pacific Engineering's new Omaha facility affect this building?
No source reviewed says it does. WOWT reported on June 30, 2026, and 3 News Now on July 1, 2026, 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 separate address on Abbott Drive, and none of the reports says the company is leaving 5902 N 9th St.
How is this offering sold, and who can buy?
It is offered under Rule 506(b), the private-placement exemption that allows sales to accredited investors without general advertising or public solicitation. In practice that means interests are placed through broker-dealers and advisers with pre-existing relationships rather than marketed publicly. Accredited status generally means meeting SEC income or net-worth thresholds, and each subscriber signs the private placement memorandum's subscription documents, which control the actual terms.
Can this Trust convert into REIT shares later?
The record for this Trust shows no 721/UPREIT exit — the structure in which a DST's property is later contributed to a REIT's operating partnership in exchange for units. Absent that feature, the expected path is a sale of the property, with proceeds distributed to beneficial owners who may then attempt another 1031 exchange. Exit mechanics, including any sale decision rights held by the sponsor, are described in the private placement memorandum and trust agreement.