Frito-Lay Distribution Center
Industrial property in Burbank, WA · sponsored by Syndicated Equities
Frito-Lay Distribution Center was a DST sponsored by Syndicated Equities that owned an industrial property in Burbank, WA. Its last Form D was filed Mar 18, 2025.
How it ended
No outcome recorded · under 7 years
Last Form D filed Mar 18, 2025.
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $15,665,000Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Mar 18, 2025)Form D, Mar 18, 2025
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: Frito-Lay Distribution Center. Top1031 is not a broker-dealer.What did Frito-Lay Distribution Center own?
The building serves as a distribution warehouse and regional distribution center for Frito-Lay in Washington's Tri-Cities region. 2 A Washington State Department of Ecology facility record lists the site as "Frito Lay Inc Tri-Cities DC" at this address. 4 Syndicated Equities reports acquiring the net-leased industrial property in 2025 for this Trust. 2 Brokerage Matthews announced an $8.15 million sale of the Frito-Lay-leased facility on July 21, 2025. 3
- Property address
- 458 2nd Avenue, Burbank, WA
- Property size
- Approximately 107,200 sq ft industrial facility
How was it financed, and what did it cost to sell?
Neither the Form D nor Syndicated Equities' public materials state whether the Trust carries mortgage debt, so it is not established from public sources whether this is a leveraged or an all-cash Trust. The offering documents would carry any loan terms.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,276,020 · 14.5% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Not in the Form D
- Minimum investment
- Not in the Form D
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Frito-Lay Distribution Center?
Syndicated Equities is the Chicago-based firm behind this Trust; the Form D lists the Trust's principal office at 350 N. LaSalle Street, Suite 800, Chicago. 1 The same filing names SE FLP (TRI-CITIES) DT, LLC as discretionary trustee and SE FLP (TRI-CITIES) Sponsor, LLC as sponsor, both managed by Syndicated Equities Interests, LLC, itself managed by Syndicated Equities Holdings, LLC. 1 The filing also disclosed an estimated $2,276,020 of gross proceeds proposed for payments to named officers, directors, or promoters. 1
- Sponsor
- Offerings on record
What does the SEC record show?
A Form D is the brief notice an issuer files with the SEC for a private placement. This one was filed under Rule 506(b), which bars general advertising and limits the raise to accredited — income- or net-worth-qualified — investors the sponsor already knows. It was filed before the first sale of interests, and no amendment has followed. 1
- Legal Trust name
- SE FLP (TRI-CITIES), DST
- SEC CIK
- 2060454
- First Form D
- Mar 18, 2025
- Latest Form D
- Mar 18, 2025
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $15,665,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to Frito-Lay Distribution Center?
- Frito-Lay Distribution Center is a Historical offering. Last Form D filed Mar 18, 2025.
- Who is the tenant, and how long is the lease?
- Frito-Lay, the snack business of PepsiCo, uses the Burbank, Washington building as a distribution warehouse, and Syndicated Equities describes the property as net leased. The lease term, rent, escalation schedule, and the exact legal entity signing the lease are not disclosed in the public record; those terms would appear in the offering documents.
- Does the Trust use debt?
- Not established. Form D does not require an issuer to disclose mortgage financing, and Syndicated Equities' public page for the property does not state a loan amount, lender, or loan-to-value. An investor would look to the offering documents and the loan documents for that.
- Can this Trust roll into a REIT at the end?
- No 721/UPREIT exit — a structure where the DST's property is contributed to a REIT's operating partnership in exchange for REIT units — is indicated for this Trust. The data row in the sponsor chapter reflects that. The eventual exit path would be described in the offering documents.
- What is the Tri-Cities location?
- Burbank, Washington sits in the Tri-Cities area of the state's southeast, and the Washington State Department of Ecology lists the facility there as "Frito Lay Inc Tri-Cities DC." Syndicated Equities describes the building as a regional distribution center for Frito-Lay.
In the news
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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 offering documents before investing.