Top1031

166 Auto Auction Remarketing Center

Industrial property in Springfield, MO

Active offeringLatest Form D filed Jun 1, 2026 · 15 filings since Feb 26, 2025 (opens in a new tab)

166 Auto Auction Remarketing Center is a DST that owns an industrial property in Springfield, MO. Its latest Form D, filed Jun 1, 2026, lists a $13.2 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$13,212,143
Equity offered, per the Form D
Sold so far
0.8%
Form D, Jun 1, 2026; the % is our arithmetic
Selling commissions
$924,850 · 6.9% 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.
How it is financed ↓
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 →

Sales so far

Latest Form D
Jun 1, 2026 · 15 filings
First sale
May 22, 2025

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Jun 1, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$107,764
Not yet sold
$13,104,379
Investors
Not in the Form D

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

0.8% of $13,212,143 sold, calculated by Top1031 from the Form D

Average since first sale
about $8,747 a month
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Ask a 1031 specialist about this recordFree. About: 166 Auto Auction Remarketing Center. Top1031 is not a broker-dealer.
166 Auto Auction Remarketing Center image 1 of 3

166 Auto Auction Remarketing Center · Springfield, MO · Photo: i0.wp.com

Location map2944 W Sunshine St, Springfield, MOAddress matched to a cited source

What does the Trust own?

The sponsor describes the property as a commercial automotive auction facility of single-story buildings on the Springfield site. 2 In its March 25, 2025 launch announcement, U.S. Property Development said its portfolio included a $12 million investment in that facility — the sponsor's characterization of its own investment, not a documented price for the trust's real estate. 4 No deed, closing date or construction history for the campus appears in the public record reviewed.

Property address
2944 W Sunshine St, Springfield, MO
Property size
~92k SF, 5 bldgs, 38.66 ac, 1,200+ parking

How have sales gone?

The sponsor’s own numbers, with the caveat in Sales so far ↑.

Share of the offering sold at each Form D filing date, calculated by Top1031 from the filed amounts
0%50%100%0%0.8%Feb 26, 2025Jun 1, 20260%50%100%0%0.8%Feb 26, 2025Jun 1, 2026

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

No Form D amendment reviewed names a lender, loan amount or maturity, so whether the Trust carries mortgage debt is unresolved rather than answered. 1 A Form D reports securities sold, not property financing; any borrowing would be described in the offering documents.

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
$924,850 · 6.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
5 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
May 22, 2025
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.

What does the SEC record show?

The amendments restate amounts sold and remaining as of each filing date rather than as a running total, so the reported figures move both up and down across the series — read each as a separate snapshot.

Legal Trust name
U.S. Property Development - Springfield DST
SEC CIK
2054963
First Form D
Feb 26, 2025
Latest Form D
Jun 1, 2026
Filings on record
15
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 sold
Form D/A$13,212,143
$107,764+$64,869
EDGAR
Form D/A$13,212,143
$42,895−$257,105
EDGAR
Form D/A$13,212,143
$300,000−$229,100
EDGAR
Form D/A$13,212,143
$529,100+$349,206
EDGAR
Form D/A$13,212,143
$179,894−$711,423
EDGAR
Form D/A$13,212,143
$891,317+$707,388
EDGAR
Form D/A$13,212,143
$183,929+$83,929
EDGAR
Form D/A$13,212,143
$100,000−$1,800,507
EDGAR
Form D/A$13,212,143
$1,900,507+$1,725,507
EDGAR
Form D/A$13,212,143
$175,000−$59,926
EDGAR
Form D/A$13,212,143
$234,926+$162,317
EDGAR
Form D/A$13,212,143
$72,609−$33,211
EDGAR
Form D/A$13,212,143
$105,820−$298,705
EDGAR
Form D/A$13,212,143
$404,525+$404,525
EDGAR
Form D$13,212,143
$0
EDGAR
Show all 15 SEC Form D filings

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

Is 166 Auto Auction Remarketing Center an active offering?
166 Auto Auction Remarketing Center is an Active offering: its latest Form D was filed Jun 1, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
Who occupies the property, and who stands behind that occupant?
The named tenant is 166 Auto Auction, LLC, operator of the auction campus on West Sunshine Street in Springfield, Missouri, identified in the offering data as a subsidiary of ACV Auctions (ticker ACVA). ACV Auctions reported acquiring all ownership interests in the 166 Auto Auction operating business on March 8, 2024 for $27.4 million in cash consideration — a purchase of the business, which the filing does not present as including the real estate. Whether ACV Auctions Inc. itself guarantees or is a party to the lease is not settled by the public documents reviewed; that is an offering-document question.
What does the public record say about the lease?
Less than an investor would want. The offering data records a seven-year triple-net lease to 166 Auto Auction, LLC — triple-net meaning the tenant pays property taxes, insurance and maintenance directly. Published descriptions of the term differ across secondary summaries, and no primary document reviewed reconciles them: no executed lease, base rent figure or commencement date appears in this Trust's SEC filings, which are Form D notices disclosing securities terms rather than property documents. The lease exhibit attached to the offering documents is the document that settles term, rent and renewal options.
How did the property end up in this Trust?
The public record reviewed does not establish it. No deed, settlement statement or recorded conveyance into the Delaware statutory trust was located in the SEC filings or sponsor materials, and no primary document reviewed describes a sale-leaseback. The $27.4 million ACV Auctions reported paying in March 2024 was for the auction operating business. The sponsor's March 25, 2025 announcement referenced a $12 million investment in the facility, which it presented as its own investment rather than a documented purchase price. The $13,212,143 figure in the June 1, 2026 Form D amendment is an offering amount — what the Trust may raise from investors — not a property price.
Does the Trust use mortgage debt?
The record does not say. A Form D is a brief notice of an exempt securities offering; it discloses the securities offered and sold, not property-level financing. No amendment reviewed names a lender, loan amount, maturity or loan-to-value, and no property-level leverage record was identified — an absence of evidence, not evidence that the property is unencumbered. Any borrowing and its terms would be described in the offering documents.
Could this Trust convert into a REIT through a 721/UPREIT exit?
The record for this Trust indicates no REIT conversion path. A 721/UPREIT exit is the route where DST investors contribute their property interest to a REIT's operating partnership in exchange for OP units, deferring tax but ending direct real estate ownership. Nothing in the filings or sponsor materials reviewed points to that structure here, and exit mechanics are governed by the offering documents.

Sources

Show sources (7)Hide sources (7)

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.