Solventum Medical Device Manufacturing
Industrial property in Eden Prairie, MN · sponsored by Syndicated Equities
Solventum Medical Device Manufacturing is a DST sponsored by Syndicated Equities that owns an industrial property in Eden Prairie, MN. Its latest Form D, filed Aug 19, 2025, lists a $10.9 million offering with a $1 minimum.
Key facts
- Minimum investment
- $1From the Form D
- Offering size
- $10,955,000Equity offered, per the Form D
- Sold so far
- Form D, Aug 19, 2025; the % is our arithmetic68.0%
- Investors reported
- Form D, Aug 19, 202525
- 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
- Aug 19, 2025 · 1 filing
- First sale
- Jun 4, 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
- $7,457,020
- Not yet sold
- $3,497,980
- Investors
- 25
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
68.0% of $10,955,000 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $2.9 million a month
Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.
Ask a 1031 specialist about this recordFree. About: Solventum Medical Device Manufacturing. Top1031 is not a broker-dealer.Solventum Medical Device Manufacturing · Eden Prairie, MN · Photo: syndicatedequities.com
What does the Trust own?
Syndicated Equities holds the two adjacent buildings in a Delaware Statutory Trust structured to take both cash and 1031 exchange investors. 1 A Minnesota Secretary of State certificate dated May 22, 2025 identifies the entity as a Delaware statutory trust. 4 The sponsor's Summer 2025 investor newsletter reports the purchase closed on June 26, 2025, says Solventum, through predecessor and affiliate entities, had occupied the property for 30 years, and describes the plants as making surgical warming blankets. 2
- Property address
- 10351 W 70th Street, Eden Prairie, MN
- Property size
- ~110.9k SF (two adjacent facilities)
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?
Reviewed public records establish no property-level lender, loan amount, or leverage terms for this Trust — silence that is not the same as confirmation of an all-cash purchase. Whether the Trust carries debt, and on what terms, is set out 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
- $1,643,250 · 15.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Jun 4, 2025
- Minimum investment
- $1
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?
The firm is a private real estate sponsor whose 1031 platform holds net-leased properties through Delaware Statutory Trusts open to exchange and cash investors. 1 For this deal, the SEC notice names a single-purpose entity, SE West 70th (Eden Prairie) Sponsor, LLC, as sponsor of the issuer. 3 The firm's Winter 2026 Access newsletter, published March 9, 2026, again lists the Eden Prairie property among its portfolio DST acquisitions, dating the purchase to 2025.
- Sponsor
- Offerings on record
What does the SEC record show?
The record here rests on the issuer's initial Form D — the brief SEC notice claiming a private placement exemption — filed months after the issuer reported its first sale of interests on June 4, 2025. 3 Interests reach accredited investors, those meeting SEC income or net-worth tests, through existing relationships rather than public advertising.
- Legal Trust name
- SE WEST 70th (EDEN PRAIRIE), DST
- SEC CIK
- 2079101
- First Form D
- Aug 19, 2025
- Latest Form D
- Aug 19, 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $10,955,000 | $7,457,020 | 25 | 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 Solventum Medical Device Manufacturing an active offering?
- Solventum Medical Device Manufacturing is an Active offering: its latest Form D was filed Aug 19, 2025. 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.
- 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 buildings as 100% net leased to Solventum and says that, through predecessor and affiliate entities, the company has occupied them for 30 years, manufacturing surgical warming blankets there. The sponsor also reports a 10-year lease extension, though reviewed materials do not date it or state the lease expiration. Twin Cities Business reported on April 1, 2026 that Solventum opened a $200 million R&D facility in Eagan while maintaining manufacturing operations in Eden Prairie.
- When was the trust entity recorded, and when did it buy the property?
- A Minnesota Secretary of State certificate dated May 22, 2025 identifies SE WEST 70TH (EDEN PRAIRIE), DST as a Delaware statutory trust; reviewed records do not separately state a Delaware formation date. Syndicated Equities' Summer 2025 investor newsletter reports the Eden Prairie purchase closed on June 26, 2025, and both the sponsor's property page and its Winter 2026 Access newsletter list the year acquired as 2025. The issuer's Form D separately reports a first sale of interests on June 4, 2025 — a securities-sale date, not a closing date.
- How large is the offering, and how is it sold?
- The Form D filed with the SEC on 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.
- Does the Trust use debt?
- Public records reviewed do not say. Neither the Form D nor the sponsor materials reviewed names a lender or states a mortgage principal, rate, or maturity. Silence is not confirmation of an all-cash purchase; the offering documents and their 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 offering documents.
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.