Solventum Medical Device Manufacturing
Industrial (medical device manufacturing, single-tenant net lease) property in Eden Prairie, MN — sponsored by Syndicated Equities
Files with the SEC as SE WEST 70th (EDEN PRAIRIE), DST
Sponsor-reported, from SEC filings and cited sources.
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 owns two adjacent Eden Prairie, Minnesota industrial buildings net leased to Solventum Corporation (NYSE: SOLV), the health care company spun off from 3M.1 The Trust is raising through a Rule 506(b) private placement, an exemption that bars public advertising.2
100% net leased to Solventum Corp (NYSE: SOLV, 3M healthcare spinoff); acquired 2025; $11M Reg D 506(b)
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These links support the public record as a whole; individual details may come from different 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 in a Delaware Statutory Trust structured to take both cash buyers and 1031 exchange money.1 The space is described as medical-device manufacturing rather than general warehousing, a more specialized industrial use.1 Public sources reviewed as of August 24, 2026 do not disclose the purchase price or the year the buildings were built.
- 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 (NYSE: SOLV), the health care business spun out of 3M, is the sole tenant, and the sponsor reports the space 100% net leased — meaning the tenant, not the Trust, carries property-level operating costs.1 Reviewed public sources do not state the lease term, renewal options, rent escalations, or any parent guaranty.
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
- Still available
- $3,497,980
- Investors reported
- 25
- Total offering
- $10,955,000
How is it financed, and what does it pay?
The Form D names no lender and no loan terms, and it does not select a debt offering — which is not the same as confirming an all-cash purchase.2 Whether the Trust carries a mortgage, and on what terms, is set out in the PPM, the private placement memorandum that governs the offering, and its sources-and-uses table.
Who's behind it?
Syndicated Equities is a private real estate sponsor that buys net-lease assets and holds them in Delaware Statutory Trusts open to both cash and exchange investors.1 The Form D names SE WEST 70TH (EDEN PRAIRIE) SPONSOR, LLC — a single-purpose entity formed for this deal — as sponsor of the issuer.2 Sponsor materials date the acquisition of this property to 2025.1
- Sponsor
- Syndicated Equities
- Legal Trust name
- SE WEST 70th (EDEN PRAIRIE), DST
- 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?
Only the original notice is on record; the SEC submissions record shows no amendment, closing, or termination filing after it.3 The issuer reported its first sale on June 4, 2025, weeks before that notice reached EDGAR.2 Interests are sold privately, through existing relationships rather than public solicitation.
- Form D filedFirst and latest filing on record.
- 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?
Top1031 lists Solventum Medical Device Manufacturing as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
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?
Solventum Corporation (NYSE: SOLV), the health care company spun off from 3M. Syndicated Equities reports the two adjacent Eden Prairie facilities, roughly 110,900 square feet in total, as 100% net leased to Solventum. Public sources do not disclose the lease term, renewal rights, rent escalations, or whether a parent entity guarantees the lease.
Is this Trust still open to new investors?
Top1031 classifies it as raising. One Form D is on record, filed August 19, 2025, and no amendment, closing notice, termination filing, or 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.
Does the Trust use debt?
Public records do not say. The Form D names no lender and provides no mortgage terms, and its securities-offered section does not select Debt — which is not the same as confirming 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 size, rate, and maturity.
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.
What does Rule 506(b) mean here?
Rule 506(b) is the private placement exemption that lets an issuer raise money without registering the offering with the SEC, provided it does not advertise or publicly solicit. In practice you learn about a 506(b) offering through an existing relationship with the sponsor or a broker-dealer. The Form D's question about sales to non-accredited investors is unmarked, so the filing itself does not establish that sales were limited to accredited investors — people who meet SEC income or net-worth tests.
How many other offerings has this sponsor filed?
Top1031 tracks 4 active and 9 total offerings from Syndicated Equities. This Trust is one of them, filed under the legal name SE WEST 70th (EDEN PRAIRIE), DST, with a single Form D on record as of August 24, 2026.