NoDa entitled land parcel
Entitled land parcel in Charlotte, NC
NoDa entitled land parcel is a DST that owns an entitled land parcel in Charlotte, NC (4.8 acres). Its latest Form D, filed Oct 1, 2025, lists a $23 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $23,000,000Equity offered, per the Form D
- Sold so far
- Not reported after the first Form D (Oct 1, 2025)Form D, Oct 1, 2025
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,070,000 · 9.0% of offering
- Financing
- All cash. This offering reports no 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 →
Can I still invest?
No new interests: the offering is reported fully subscribed.
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Availability changes without a filing. The sponsor or a registered representative can confirm what is open.
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Ask a 1031 specialist about this recordFree. About: NoDa entitled land parcel. Top1031 is not a broker-dealer.No photo on record.
What does NoDa entitled land parcel own?
There is no building here: the sponsor describes a fully entitled parcel in Charlotte's NoDa district carrying TOD-CC zoning, a transit-oriented commercial designation. 3 The offering documents say the trust bought the site from sponsor affiliate S2K/Miller Charlotte Holdco LLC for $19,440,000, stated to equal its appraised value, plus closing and related transaction costs. 2 Sponsor materials describe roughly $1.9 million committed to horizontal work — roads and utilities — without establishing that it is finished. 4
- Property address
- 4109 Greensboro St., Charlotte, NC
- Property size
- 4.8 acres
How is it financed, and what did it cost to sell?
Sponsor materials state the trust itself carries no debt, with borrowing held at a level above the DST. 4 For an exchanger, that means no trust-level mortgage to match debt retired on a relinquished property — and no loan terms, lender or maturity at the trust to track.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $2,070,000 · 9.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 3 named in the Form D
Show the firms
- Alexander Capital, L.P. · CRD 40077
- Great Point Capital LLC · CRD 114203
- S2K Financial LLC · CRD 248786
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.
Who's behind NoDa entitled land parcel?
The Form D names S2K/Miller CLT Sponsor LLC as the trust's sponsor and promoter. 1 Reporting the close on July 27, 2026, AltsWire described the unlevered DST as a joint offering of S2K Financial and Miller Global. The same S2K team works in the same submarket outside this trust: Crestline Investors said on October 22, 2025 that it provided predevelopment financing to S2K Asset Management for a Charlotte multifamily project of residential units and ground-floor retail, with construction expected to begin in 2026.
What does the SEC record show?
The Trust used the private-placement exemption that lets a sponsor advertise publicly but obliges it to verify each buyer's accredited status with documents rather than take their word. The original notice was never amended, so the SEC sales record still reflects the offering's opening posture months after S2K Financial announced full subscription. 5
- Legal Trust name
- S2K/Miller CLT DST
- SEC CIK
- 2088087
- First Form D
- Oct 1, 2025
- Latest Form D
- Oct 1, 2025
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $23,000,000 | $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
- Can I still invest in NoDa entitled land parcel?
- No new interests: NoDa entitled land parcel is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
- What does an investor actually own here — land or a building?
- Land. The sponsor's offering documents describe an entitled parcel on Greensboro Street in Charlotte's NoDa district, bought from sponsor affiliate S2K/Miller Charlotte Holdco LLC for $19,440,000 — stated to equal its appraised value — plus closing and related transaction costs. S2K Financial states that the DST investment is in the land and does not include direct ownership or development of the nearby apartment complex.
- Who pays the rent behind distributions?
- An affiliate of the sponsor serves as master tenant under the ground lease, so the payer is a related party rather than an independent operating business. S2K Financial says lease payments will initially be supported by pre-funded reserves and that investor distributions are not guaranteed, varying with cash flow and reserve availability.
- Why does the SEC record still look like the offering just opened?
- Because the trust filed a single Form D — the brief notice an issuer files for a private placement — on October 1, 2025 and never amended it.
- How is this Trust expected to end?
- S2K Financial states that the sponsor retains the right to repurchase the trust's land at its then-current fair market value, and its page does not say that right has been exercised. There is no 721/UPREIT path on the record — the structure in which DST interests are contributed to a REIT's operating partnership for OP units — and the Trust is flagged as not converting to a REIT. No outcome has been reported yet.
- What is still not established by the public record?
- The closing date of the land purchase, the master tenant's legal name and the ground lease's duration, whether the roughly $1.9 million of committed road and utility work is complete, and the lender and terms of the debt S2K Financial says sits above the DST. The offering documents are where reliance on an affiliated master tenant, illiquidity, single-property concentration, vacant-land risk and sponsor conflicts are disclosed.
In the news
Sources
Show sources (8)Hide sources (8)
These links support the record as a whole; individual details may come from different sources.
- U.S. Securities and Exchange Commission (EDGAR) ↗
- Sponsor offering documents, Sep 2025
- S2K Financial ↗
- S2K Financial ↗
- S2K Financial ↗
- s2kco.com ↗
- sec.gov ↗
- altswire.com ↗
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.