Solventum Medical Device Manufacturing
Industrial (medical device manufacturing, single-tenant net lease) property in Eden Prairie, MN — sponsored by Syndicated Equities
100% net leased to Solventum Corp (NYSE: SOLV, 3M healthcare spinoff); acquired 2025; $11M Reg D 506(b)
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What is this, in one paragraph?
Solventum Medical Device Manufacturing is a Delaware Statutory Trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — sponsored by Syndicated Equities. It holds two adjacent industrial buildings in Eden Prairie, Minnesota, net leased to Solventum Corporation (NYSE: SOLV), the health care company spun off from 3M.1 The Trust is raising under Rule 506(b), the private placement exemption that bars public advertising.
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?
Syndicated Equities reports acquiring the two adjacent facilities in 2025 and holding them through a Delaware Statutory Trust structured to take both cash and 1031 exchange money.1 The sponsor says Solventum, through predecessor and affiliate entities, has occupied the buildings for 30 years.3 Reviewed public sources do not disclose the purchase price or either building's year of construction.
- Property address
- 10351 W 70th Street, Eden Prairie, MN
- Property size
- ~110.9k SF (two adjacent facilities)
Who is the tenant, and what's the lease?
Solventum Corporation is the sole tenant, and Syndicated Equities reports both facilities 100% net leased — the tenant, not the Trust, carries property-level operating costs.1 The sponsor reports a 10-year lease extension; reviewed materials state no rent, escalations, renewal options, or parent guarantee.3 Solventum's own filed property table lists an Eden Prairie MedSurg manufacturing facility as leased.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.
- Amount sold
- $7,457,020
- Reported unsold
- $3,497,980
- Investors reported
- 25
- Total offering
- $10,955,000
How is it financed, and what does it pay?
The Form D identifies equity and pooled investment fund interests rather than debt securities, and reviewed public records establish no property-level lender, loan, or mortgage — which is not the same as confirming an all-cash purchase.5 Whether the Trust carries debt, and on what terms, is set out in the PPM, the private placement memorandum governing the offering.
Who's behind it?
Syndicated Equities is a private real estate sponsor that acquires net-leased assets and holds them in Delaware Statutory Trusts open to cash and 1031 exchange investors alike.1 For this deal the Form D names dedicated entities: SE West 70th (Eden Prairie) Sponsor, LLC as sponsor of the issuer, and SE West 70th (Eden Prairie) DT, LLC as discretionary trust administrator, managed by Syndicated Equities Interests, LLC.2 The firm's Winter 2026 Access newsletter, published March 9, 2026, lists the Eden Prairie property among its portfolio DST acquisitions.
- Sponsor
- Syndicated Equities
- May convert to a REIT
- No
- Offerings from this sponsor
- 4 active / 10 total offerings from Syndicated Equities
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The issuer reported its first sale of interests on June 4, 2025, weeks before the notice reached EDGAR.2 No amendment had appeared on the SEC record as of September 12, 2026.6 Interests are sold privately, through existing relationships rather than public solicitation.2
- Form D filedFirst and latest filing on record.
- Legal Trust name
- SE WEST 70th (EDEN PRAIRIE), DST
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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 Solventum Medical Device Manufacturing 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 Solventum Medical Device Manufacturing?
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.
Who is the tenant, and how long have they been there?
Solventum Corporation (NYSE: SOLV), the health care company spun off from 3M. Syndicated Equities reports the two adjacent Eden Prairie facilities as 100% net leased to Solventum and says that, through predecessor and affiliate entities, the company has occupied the buildings for 30 years. The sponsor also reports a 10-year lease extension, though reviewed materials do not date it or give the lease expiration. Solventum's own filed property table separately lists an Eden Prairie MedSurg manufacturing facility as leased.
Is this Trust still open to new investors?
Top1031 classifies it as raising. One Form D is on record, and as of September 12, 2026 the SEC submissions record showed no amendment, closing notice, or termination filing, and no sponsor statement of full subscription has been found. The sales module on this page shows the offering progress reported in that filing; issuer-filed sales figures can lag and do not by themselves establish current availability.
How large is the offering, and how is it sold?
The Form D filed August 19, 2025 reported a total offering amount of $10,955,000, claimed under Rule 506(b). 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 publicly solicit — in practice you learn about such an offering through an existing relationship with the sponsor or a broker-dealer. Investors are generally accredited, meaning they meet SEC income or net-worth tests.
When did the Trust buy the property?
Syndicated Equities dates the acquisition to 2025 in its property and portfolio materials, and repeated that year in its Winter 2026 Access newsletter published March 9, 2026. The Form D reports a first sale of interests to investors on June 4, 2025. Reviewed public sources do not disclose the purchase price or the exact closing date.
Does the Trust use debt?
Public records do not say. The Form D identifies equity and pooled investment fund interests rather than debt securities, and neither it nor reviewed sponsor materials names a lender or gives any mortgage principal, rate, or maturity. Silence is not confirmation of an all-cash purchase; the PPM and its sources-and-uses table are where a buyer confirms whether there is a loan and, if so, its terms.
Can I exchange into a REIT later through this Trust?
No 721/UPREIT exit — the structure in which a DST's property is contributed to a REIT's operating partnership in exchange for units — is indicated for this Trust in the data on record. Any exit mechanics, including how and when the property may be sold, are described in the PPM. Top1031 tracks other offerings from Syndicated Equities, filed under legal names such as this Trust's, SE WEST 70th (EDEN PRAIRIE), DST.