Top1031

Saginaw Self-Storage Super Center

Self-storage property in Saginaw, MI · sponsored by DPM

HistoricalLast Form D filed Jul 28, 2022 (opens in a new tab)

Saginaw Self-Storage Super Center was a DST sponsored by DPM that owned a self-storage property in Saginaw, MI (582 units). Its last Form D was filed Jul 28, 2022.

How it ended

No outcome recorded · under 7 years

Last Form D filed Jul 28, 2022.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$8,350,621
Equity offered, per the Form D
Sold
49.4%
Form D, Jul 28, 2022; the % is our arithmetic
Investors reported
15
Form D, Jul 28, 2022
Selling commissions
$339,596 · 4.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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 →

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Ask a 1031 specialist about this recordFree. About: Saginaw Self-Storage Super Center. Top1031 is not a broker-dealer.

What did the Trust own?

DealPoint Merrill describes the property as a Class A, climate-controlled self-storage super center at 3784 Bay Road in Saginaw, Michigan. 1 The company also lists that address among its completed developments, though the page gives no completion date. 2 Its own pages disagree on size: the completed-developments listing shows 129,646 square feet rather than the figure below. No acquisition date or purchase price appears in any source located.

Reported location
Saginaw, MI
Property size
582 units; 151,396 square feet

How was it financed, and what did it cost to sell?

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
$339,596 · 4.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$137,800 · 1.6% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Feb 23, 2022
Minimum investment
$100,000

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.

What does the SEC record show?

One Form D — the short notice an issuer files with the SEC after starting a private placement — is the whole federal record here, with no amendments since. That filing reports a first sale on February 23, 2022, months before the notice reached EDGAR. 3 Rule 506(c) permits public advertising, but every buyer's accredited status must be verified.

Legal Trust name
DPM SELF STORAGE SAGINAW DST
SEC CIK
1939335
First Form D
Jul 28, 2022
Latest Form D
Jul 28, 2022
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$8,350,621
$4,132,237
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 Saginaw Self-Storage Super Center?
Saginaw Self-Storage Super Center is a Historical offering. Last Form D filed Jul 28, 2022.
Where is the property and what is it?
DealPoint Merrill identifies it as the Saginaw Self-Storage Super Center at 3784 Bay Road, Saginaw, Michigan 48603 — a Class A, climate-controlled self-storage facility. The sponsor's own pages report different square-foot totals for the asset, so treat the size figure as sponsor-reported rather than independently verified.
Who operates the storage facility, and is there a lease to review?
No source located names the operator or property manager for this Trust. Self-storage generally has no single long-term tenant: hundreds of individual renters sign short-term unit agreements, so investor income depends on ongoing occupancy and rate management rather than one lease with one credit tenant.
How much debt is on the property?
Nothing in the SEC filing or the sponsor's public pages discloses property-level debt, a lender, or a loan-to-value figure for this Trust, so leverage is recorded here as unknown. The offering documents are the place that would set out any financing terms.
Can this Trust roll into a REIT at the end?
The record here shows no 721/UPREIT structure, meaning there is no disclosed path to exchange the property for operating-partnership units in an affiliated REIT. An investor's exit would depend on whatever disposition terms the offering documents and trust agreement set out.

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.