Four Springs TEN31 Xchange Acquires Aviation Infrastructure Asset

Four Springs TEN31 Xchange, i.e., FSXchange, a sponsor of Delaware statutory trusts focused on industrial and healthcare 1031 real estate exchanges, announced the infrastructure acquisition of an aviation property at Miami-Opa Locka Executive Airport.

The purchase includes a controlled ground lease interest in a 175,000-square-foot Class A aviation complex situated on an expansive 27.4-acre site. The property is fully leased to Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE:GD), under a long-term credit net lease. Jet Aviation is internationally recognized for its distinguished Gulfstream fleet and excellence in business jet operations and services.

The purchase price was not disclosed.

Currently under development by Jet Aviation, the state-of-the-art facilities will feature comprehensive amenities including fixed-base operations, hangars, aircraft maintenance facilities, and an advanced fueling station. Situated strategically within the Aviation and Commerce Center, a 2.6 million-square-foot, master-planned mixed-use corporate park, the property shares its location with USPS, Tesla, Amazon and Racetrack, among others.

“This acquisition represents a significant milestone in our ongoing strategy to diversify our investment portfolio with high-quality, strategically located infrastructure assets,” said Jared Morgan, head of acquisitions at Four Springs. “This premier asset is positioned to become an integral component of South Florida’s thriving private aviation sector.”

Four Springs TEN31 Xchange continues to provide investors with exclusive opportunities in strategically selected real estate assets, striving to deliver dependable, long-term financial performance.

Last month, FSXchange announced the full subscription of two of its DSTs – FSC Industrial 32, DST at $159 million, and FSC Healthcare 29 DST at $15 million.

Founded in 2014, FSXchange is a DST sponsor focused on net-leased, single-tenant commercial properties within the industrial and medical sectors. FSXchange’s offerings are offered through Four Springs Capital Markets. Since entering the 1031 exchange market, Four Springs reports it has completed over 1,000 exchanges, involving more than $850 million in replacement properties and collaborating with over 3,000 professionals.

Earlier this year, according to AltsWire reporting, Natalie Stephens joined Four Springs Capital Markets as a senior vice president covering California and Hawaii.

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