Labcorp Testing Facility & Clinic
Net lease laboratory property in Tampa, FL · sponsored by Syndicated Equities
Active offeringLatest Form D filed Feb 13, 2026 (opens in a new tab)
Labcorp Testing Facility & Clinic is a DST sponsored by Syndicated Equities that owns a net lease laboratory property in Tampa, FL (about 94,686 SF). Its latest Form D, filed Feb 13, 2026, lists a $10.3 million offering with a $10,000 minimum.
Key facts
- Minimum investment
- $10,000From the Form D
- Offering size
- $10,385,000Equity offered, per the Form D
- Sold so far
- Form D, Feb 13, 2026; the % is our arithmetic97.0%
- Investors reported
- Form D, Feb 13, 202638
- 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 →
Sales so far
- Latest Form D
- Feb 13, 2026 · 1 filing
- First sale
- Dec 16, 2025
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
- $10,081,045
- Not yet sold
- $303,955
- Investors
- 38
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
97.0% of $10,385,000 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $5.2 million a month
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Ask a 1031 specialist about this recordFree. About: Labcorp Testing Facility & Clinic. Top1031 is not a broker-dealer.Labcorp Testing Facility & Clinic · Tampa, FL · Photo: mwestholdings.com
What does the Trust own?
Syndicated Equities closed on this single-story medical-testing and life-sciences building on December 22, 2025 and holds it in the Trust. 1 The sponsor describes it as a primary Labcorp testing site, the only such specialty testing location in Florida, processing roughly 50,000 to 60,000 blood and tissue samples a day. 1 A Tampa capital-markets report names Pan Pacific Properties, Inc. as seller and puts the December 2025 sale near $20.6 million, a figure not confirmed against a recorded deed. 2
- Property address
- 5610 W La Salle St, Tampa, FL
- Property size
- ~94,686 SF
Tenant and lease terms are not in the SEC filings or cited sources.
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
No reviewed public filing names a mortgage, a lender, or loan terms for this Trust, and no source states the building is owned free and clear. Whether property-level debt exists is settled only in the offering documents.
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
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Dec 16, 2025
- Minimum investment
- $10,000
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 the Trust?
Syndicated Equities sponsored the purchase and structured it as a Delaware statutory trust so cash buyers and 1031 exchange investors could both subscribe. 3 Its Winter 2026 investor newsletter, dated March 9, 2026, presented the Tampa building as a newly closed acquisition. 1 In a DST the trustee, not the investors, makes every property decision — buying, refinancing, re-leasing — so the sponsor's judgment is what a beneficial owner is relying on.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust's one SEC filing is the initial notice of an exempt private offering, which reports a first sale on December 16, 2025. 4 No amendment had appeared as of October 4, 2026. Because the exemption bars general advertising, the memorandum and subscription documents come from the sponsor rather than any public source.
- Legal Trust name
- SE LCH (TAMPA), DST
- SEC CIK
- 2110206
- First Form D
- Feb 13, 2026
- Latest Form D
- Feb 13, 2026
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $10,385,000 | $10,081,045 | 38 | 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
- Is Labcorp Testing Facility & Clinic an active offering?
- Labcorp Testing Facility & Clinic is an Active offering: its latest Form D was filed Feb 13, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What exactly does this Trust own?
- One property: an approximately 94,686-square-foot single-tenant laboratory testing facility and patient clinic at 5610 W La Salle Street in Tampa, Florida, occupied by Labcorp. Investors hold beneficial interests in the Delaware Statutory Trust that owns the building, not direct title to the real estate.
- Who is the tenant, and how long is the lease?
- Laboratory Corporation of America occupies the entire building, with a guaranty from parent Labcorp Holdings that offering materials describe as BBB rated. Syndicated Equities reports Labcorp has occupied the site for 30 years and extended its lease through May 2035. Offering materials also cite a 9.5-year term with 2.75% annual rent escalations.
- Does the public record show what the property sold for?
- Only indirectly. A Tampa office capital-markets report dated February 19, 2026 identifies Pan Pacific Properties, Inc. as the seller and Syndicated Equities as the buyer, and puts the December 2025 sale of 5610 W La Salle Street at approximately $20.6 million, or $217 per square foot. No recorded deed was obtained to confirm it. The Form D's total offering amount is a securities figure, not a property price; the offering documents carry the acquisition price and the sources-and-uses table.
- Is the Trust leveraged?
- The public record does not say. No lender, loan amount, or loan terms for this Trust were located in its SEC filing or in reviewed sponsor materials, and no source states the Trust is debt-free. Do not read the equity offering amount as the full purchase capitalization. The offering documents are the only place to confirm whether property-level debt exists and on what terms.
- What does a Rule 506(b) offering mean for an investor?
- Rule 506(b) is the private-placement exemption that lets an issuer raise money without registering with the SEC, provided it does not advertise or generally solicit and sells essentially only to accredited investors — those meeting SEC income or net-worth tests. In practice the offering materials reach you through a sponsor or an adviser with whom a relationship already exists, not through public marketing.
- How is the tenant's parent company performing?
- Labcorp reported second-quarter 2026 revenue of $3.73 billion, up 5.8%, in its results release of July 30, 2026, and raised its full-year adjusted earnings guidance. The company trades on the NYSE under LH, so its financial disclosures are public. Tenant credit is not the same as property performance, and a company-wide release says nothing specific about the Tampa facility.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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.