Minimum investment
$100k
Offering size
$15.8M
How much has sold
57.0%
Asset type
Self-storage
Location
Saint Charles, MO
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
St. Charles Self-Storage Super Center is a Delaware Statutory Trust — a structure that lets 1031 exchangers hold fractional real estate — sponsored by DealPoint Merrill. It holds a Class A, climate-controlled self-storage center at 2669 Veterans Memorial Parkway in St. Charles, Missouri.1 One Form D, filed July 28, 2022 under Rule 506(b), which bars general advertising, is the only SEC filing on record.
Show sources (7)Hide sources (7)
These links support the historical public record; 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?
DealPoint Merrill's property page places the asset at 2669 Veterans Memorial Parkway in St. Charles, Missouri, and describes a freeway-located, Class A, climate-controlled self-storage center.1 The same firm's completed-developments listing shows a larger total square footage than its property page does; the size below follows the property page. When the building was finished, and what the Trust paid for it, are not stated in the public sources reviewed.
- Reported location
- Saint Charles, MO
- Property size
- 695 units; 126,250 square feet
Who is the tenant, and what's the lease?
Self-storage is typically rented unit by unit rather than under one long-term lease, so there is no single tenant here and occupancy carries the property. DealPoint Merrill's page also describes a 20,841-square-foot Chuck E. Cheese as a co-anchor at the site.1 No operator, manager or lease terms are disclosed in the sources reviewed.
How did it end?
No sale or other ending on record
The St. Charles MO self-storage facility at 2669 Veterans Memorial Parkway remains listed as an active DealPoint Merrill property with no sale, 721 conversion, or full-cycle announcement located in any reviewed source.
DealPoint Merrill's property-specific page describes a Class A, climate-controlled 695-unit self-storage super center and reports 126,250 square feet; its completed-developments listing separately displays 138,550, so the size field uses the property-specific page. The two 2022 local articles cover a Veterans Memorial Parkway project under the name Chuck It In Storage but do not name DealPoint Merrill, the DST, or the exact street number; they are included as property-level context rather than direct DST coverage.
695 units; 126,250 square feetSupporting evidence
How is it financed, and what does it pay?
Neither the Form D nor DealPoint Merrill's property page states whether this Trust carries mortgage debt, and no lender is named, so its leverage cannot be established from public sources.
Who's behind it?
DPM is DealPoint Merrill, a Los Angeles–area developer and sponsor; the SEC submissions record puts this Trust's business address at the firm's offices on Ventura Boulevard in Woodland Hills, California.2 The Form D names no sponsor entity, but does name David Frank and David Rumsey as executive officers and promoters, with David Frank signing as chief executive on July 26, 2022.3 DealPoint Merrill carries the property under its own name on its website.1
- Sponsor
- DPM
- Legal Trust name
- DPM SELF STORAGE ST CHARLES DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 4 total offerings from DPM
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust was organized in Delaware in 2022 and filed a single new-notice Form D reporting a first sale on May 23, 2022 and an offering expected to last one year or less.3 Nothing has been filed on EDGAR since.
- 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
What happened to St. Charles Self-Storage Super Center?
Top1031 lists St. Charles Self-Storage Super Center as historical. It is no longer raising money.
Where does Top1031 get the data for St. Charles Self-Storage Super Center?
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.
Where exactly is this property?
DealPoint Merrill's property page for St. Charles Self-Storage Super Center gives the address as 2669 Veterans Memorial Parkway, St Charles, MO 63303, and describes it as a freeway-located, Class A, climate-controlled self-storage center.
How large is the property?
DealPoint Merrill's property-specific page reports 695 units and 126,250 square feet. The same sponsor's completed-developments listing separately displays 138,550 square feet for the project, so the two sponsor sources do not agree; this record uses the property-specific page. No independent measurement was found.
Is this Trust still open to new investors?
Its only SEC filing is the Form D dated July 28, 2022, which reported an offering expected to last one year or less. No amendment or later notice has been filed, and no public source reviewed confirms whether the Trust closed, remains open, or was later sold.
What does Rule 506(b) mean for how this was offered?
Rule 506(b) is the private-placement exemption that lets an issuer raise money without registering with the SEC, but forbids general advertising or public solicitation. Interests reach investors through existing relationships with the sponsor or its selling group, and buyers are effectively limited to accredited investors — those meeting SEC income or net-worth thresholds.
Does this Trust have a mortgage on the property?
Public sources reviewed do not say. The Form D does not disclose property-level debt, no lender is named on the sponsor's property page, and no loan document was located, so leverage, loan-to-value and any interest terms would have to come from the Trust's private placement memorandum — the offering document a sponsor gives prospective investors.
Can this Trust convert into REIT shares through a 721 exchange?
Nothing in the record indicates a 721/UPREIT exit — the arrangement in which a DST's property is later contributed to a REIT's operating partnership in exchange for partnership units. This Trust is not marked as having that feature.
Chapter 9Storage facility along Veterans Memorial Parkway still alive, but remanded back to P&ZThe article said the Veterans Memorial Parkway storage proposal, known as Chuck It In Storage, was remanded to Planning and Zoning for a new site plan while retaining the proposed climate-controlled, mini-storage, and commercial components. New storage facility along Veterans Memorial Parkway now to be reconsideredThe article reported that O'Fallon City Council reconsidered a conditional-use permit for a proposed Veterans Memorial Parkway storage project described as a 44,403-square-foot climate-controlled building plus mini-storage and commercial buildings.