FSXchange Launches $98M DST Offering of Industrial Properties
Four Springs TEN31 Xchange LLC, known as FSXchange – a sponsor of Delaware statutory trusts focused on industrial and healthcare 1031 real estate exchanges, has launched FSX Industrial 34, DST, a $98 million offering available exclusively to accredited investors.
“FSX Industrial 34 reflects the disciplined, basis-driven approach our adviser partners and 1031 investors rely on,” said Matt Woehnker, president of Four Springs Capital Markets.
The offering is comprised of a pair of industrial properties located in Duncan, S.C., and Hanson, Ky. The facilities are leased under absolute long-term triple-net-leased agreements with contractual rent escalations to Eaton Corporation (NYSE: ETN) and Carhartt Inc., respectively.
“In today’s market, certainty of income and quality of tenancy matter more than ever. By focusing on essential industrial real estate at an attractive entry point, we’re aiming to provide investors with long-term, contractual cash flows backed by established operators – delivering the type of durable, mission-critical assets that can help anchor a 1031 exchange portfolio through cycles,” added Woehnker.
The South Carolina property is a 315,273-square-foot industrial facility serving Eaton’s Electrical business segment. Situated on a 30.3-acre site, the building includes warehouse, manufacturing, and office space, with clear heights of 29 feet to 31 feet, 38 dock doors, and three grade-level doors. Eaton, a global power management company, provides essential solutions in energy transition, electrification, and cybersecurity.
The Kentucky facility comprises 681,000 square feet and serves as Carhartt’s primary national distribution hub. Originally built in 1998 and expanded in 2009, the facility has benefited from more than $70 million in automation investments, including robotics, racking, and conveyor systems – underscoring its role as a mission-critical asset within workwear company Carhartt’s U.S. supply chain.
“These acquisitions reflect our continued focus on acquiring high-quality, strategically located industrial assets leased to strong corporate tenants,” said Jared Morgan, senior vice president, head of acquisitions at Four Springs TEN31 Xchange. “Both facilities are integral to our tenants’ core operations and align with our strategy of building a resilient, diversified portfolio.”
FSXchange leadership said it continues to expand its national portfolio of institutional-grade properties, offering investors access to stable, long-term real estate opportunities through 1031 exchange DST programs. In the fall, AltsWire reported FSXchange’s full subscription of its Aviation Infrastructure, DST, a strategic offering backed by a premier aviation asset at Miami-Opa Locka Executive Airport.
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.
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