Top1031

Montrose Airport Storage

Self-storage property in Montrose, CO · sponsored by Southern Star Storage

HistoricalLast Form D filed Aug 15, 2022 (opens in a new tab)

Montrose Airport Storage was a DST sponsored by Southern Star Storage that owned a self-storage property in Montrose, CO. Its last Form D was filed Aug 15, 2022.

How it ended

No outcome recorded · under 7 years

Last Form D filed Aug 15, 2022.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$6,157,295
Equity offered, per the Form D
Sold
Not reported after the first Form D (Aug 15, 2022)
Form D, Aug 15, 2022
Selling commissions
$554,156 · 8.9% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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 →

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Montrose Airport Storage image

Montrose Airport Storage · Montrose, CO · Photo: d84nc11pjtc6p.cloudfront.net

What did Montrose Airport Storage own?

Southern Star markets Montrose Airport Storage at 63224 La Salle Road in Montrose, Colorado, a drive-up self-storage facility that also takes RV and boat parking. 1 Top1031 treats that address as a sponsor-reported match; no primary record ties the street address to this Trust. Silver Star's September 2024 pivot presentation described Montrose II as a two-property Colorado-and-Texas portfolio of 78,877 square feet and 481 units. 2 Acquisition date and price are not in the public record.

Reported location
Montrose, CO

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

Trust-level debt is not disclosed anywhere in the public record. Multi-Housing News reported on July 11, 2022 that Montrose Airport Storage was one of four Southern Star facilities covered by an $8.7 million non-recourse, interest-only CMBS loan, without naming this Trust as borrower or allocating the loan by property. 5

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$554,156 · 8.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$157,009 · 2.5% 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
Not in the Form D
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 and no amendments: nothing filed later reported a first sale, a closing, a dissolution, or an extension.

Legal Trust name
SOUTHERN STAR STORAGE-MONTROSE II DST
SEC CIK
1941370
First Form D
Aug 15, 2022
Latest Form D
Aug 15, 2022
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$6,157,295
$0
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 Montrose Airport Storage?
Montrose Airport Storage is a Historical offering. Last Form D filed Aug 15, 2022.
Who controls the sponsor now?
Silver Star Properties REIT announced the acquisition of Southern Star Self-Storage on April 6, 2023 and reported completing it on May 5, 2023, running Southern Star as a subsidiary. Silver Star's filing for the quarter ended September 30, 2023 listed Montrose II among four Southern Star-sponsored DSTs.
What property does the Trust hold?
Southern Star markets Montrose Airport Storage at 63224 La Salle Road in Montrose, Colorado, with drive-up storage plus RV and boat parking. Silver Star's September 2024 pivot presentation described Montrose II as a two-property Colorado and Texas portfolio of 78,877 square feet and 481 units. The link between the street address and this specific Trust is sponsor-reported, not established in a primary record.
Has the Trust sold the property or exited?
No completed sale, dissolution, or 721/UPREIT exchange — a swap of DST interests for operating-partnership units in a REIT — has been verified for Montrose II as of August 24, 2026. Silver Star said in April 2024 only that sales, dissolutions, and outsourcing were under consideration.

In the news

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.