Winnebago Industries Innovation Center
Industrial property in Savage, MN · sponsored by Syndicated Equities
Winnebago Industries Innovation Center was a DST sponsored by Syndicated Equities that owned an industrial property in Savage, MN (45,306 SF). Its last Form D was filed Aug 29, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Aug 29, 2024.
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $4,740,000Equity offered, per the Form D
- Sold
- 43.4%Form D, Aug 29, 2024; the % is our arithmetic
- Investors reported
- Form D, Aug 29, 202415
- 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 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: Winnebago Industries Innovation Center. Top1031 is not a broker-dealer.What did the Trust own?
The building sits at 8925 Highway 101 W in Savage, Minnesota. 1 Syndicated Equities acquired the single-story industrial property near Minneapolis in 2024, already fully net leased to Winnebago Industries. 3 The acquisition price was reported at $10.75 million. Winnebago uses the space as its primary research and development site, including prototype and vehicle-technology work. 2
- Reported location
- Savage, MN
- Property size
- 45,306 SF
How was it financed, and what did it cost to sell?
The Form D reports only equity and pooled fund interests and states no loan terms, so whether this Trust carries property-level mortgage debt is not established in the public filings. 4 Any financing would be described in the sponsor's 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
- Jun 21, 2024
- 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 the Trust?
Syndicated Equities is the sponsor. The Form D names SE 8925 Highway 101 (Savage) Sponsor, LLC as sponsor of the issuer and SE 8925 Highway 101 (Savage) DT, LLC as discretionary trustee, both managed through Syndicated Equities Interests, LLC. 4 The firm runs a modest, deal-by-deal DST platform rather than a continuous retail program. AltsWire covered this Minnesota acquisition on October 16, 2025.
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- SE 8925 Highway 101 (Savage), DST
- SEC CIK
- 2032314
- First Form D
- Aug 29, 2024
- Latest Form D
- Aug 29, 2024
- 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 | $4,740,000 | $2,057,430 | 15 | 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 Winnebago Industries Innovation Center?
- Winnebago Industries Innovation Center is a Historical offering. Last Form D filed Aug 29, 2024.
- What exactly does this Trust own?
- A single-story, 45,306-square-foot industrial and research building at 8925 Highway 101 W in Savage, Minnesota, in the Minneapolis metro area, held through SE 8925 Highway 101 (Savage), DST. Syndicated Equities acquired it in 2024, and the reported acquisition price was $10.75 million.
- Who is the tenant?
- Winnebago Industries, which occupies the building under a net lease and uses it as its primary research and development facility, including prototype and vehicle-technology work, according to Syndicated Equities. Independent coverage of the 2024 acquisition described the building as fully net leased to Winnebago.
- Is the lease still in place?
- Public records conflict. A Crexi property record updated August 19, 2026 shows the building 100% leased to Winnebago Industries with a term through June 2034, while a LoopNet listing dated February 13, 2026 advertised sublease space from the tenant. Neither source confirms a lease termination or vacancy; current occupancy should be confirmed with the sponsor and the offering documents.
- Does the Trust use debt?
- Not established. The Form D identifies only equity and pooled investment fund interests and includes no loan or mortgage terms, so leverage is unresolved in the SEC record. Top1031 lists leverage as unknown for this Trust. The offering documents would state any property-level loan.
- Can this Trust convert into a REIT interest later?
- No 721/UPREIT exit — the exchange of DST interests for operating-partnership units in a REIT — is indicated for this Trust in the data on record. The Trust is structured as a direct DST ownership of the Savage property.
In the news
Sources
Show sources (8)Hide sources (8)
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.