Top1031

StorEagle Auburn

Self-storage property in Auburn, AL

Historical · soldSold · last Form D Jul 11, 2022newswire.com (opens in a new tab)

StorEagle Auburn was a DST that owned a self-storage property in Auburn, AL. Sold.

How it ended

No outcome recorded · under 7 years

Sold.

Source: cited report (opens in a new tab)

Key facts

A free account shows how much of each active offering has sold and the Sponsor Grade letters.
Minimum investment
Not in the Form D
From the Form D
Offering size
$16,361,637
Equity offered, per the Form D
Sold
Not reported after the first Form D (Jul 11, 2022)
Form D, Jul 11, 2022
Selling commissions
$1,595,260 · 9.7% 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(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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Ask a 1031 specialist about this recordFree. About: StorEagle Auburn. Top1031 is not a broker-dealer.
StorEagle Auburn image

StorEagle Auburn · Auburn, AL · Photo: cdn.nwe.io

What did StorEagle Auburn own?

The Form D states that offering proceeds would purchase real property developed in 2016 by three partners. 2 A LoopNet listing dated September 2, 2022 places the StorEagle building at 312 N Gay Street in Auburn and reports 91,893 square feet of gross leasable area with a 2017 construction year — a date the issuer's own filing does not match. 3 No unit count, acquisition price, or closing date appears in any source located.

Reported location
Auburn, AL

Tenant and lease terms are not in the SEC filings or cited sources.

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
$1,595,260 · 9.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,500,000 · 9.1% of offering
Form D Item 16
· The filing’s note: “OFFERING PROCEEDS WILL BE USED TO PURCHASE REAL PROPERTY DEVELOPED IN 2016 BY THREE PARTNERS, ONE OF WHICH IS THE MANAGER OF THE MANAGER OF THE SIGNATORY TRUSTEE OF THE ISSUER.”
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Not in the Form D
Minimum investment
Not in the Form D

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?

The record here is a single notice with no amendments after it — no later filing reports sales, extends the offering, or reports a close. The exemption claimed permits sales only to accredited investors, those meeting SEC income or net-worth tests, without general advertising. SEC file number 021-451797. 1

Legal Trust name
LBX AUBURN, DST
SEC CIK
1937227
First Form D
Jul 11, 2022
Latest Form D
Jul 11, 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$16,361,637
$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 StorEagle Auburn?
StorEagle Auburn is a Historical offering. Sold.
Where is the property, and what kind of building is it?
A LoopNet listing dated September 2, 2022 identifies 312 N Gay Street, Auburn, Alabama 36830 as the StorEagle self-storage building and reports 91,893 square feet of gross leasable area with a 2017 year built. The issuer's Form D instead describes property developed in 2016 by three partners. Those two sourced statements have not been reconciled.
Who occupies the property?
Leitbox announced on June 9, 2025 that Auburn-Opelika Tourism became the newest non-storage tenant at StorEagle Auburn, marking a grand opening and ribbon-cutting after already operating in the space. The tourism organization's own site lists 312 N Gay Street, Suite A. Separately, CubeSmart's facility page markets self-storage at 312 N Gay Street; no located source establishes how or when that operator arrangement arose.
Who sponsors this Trust?
The Form D itself does not identify a sponsor or manager. Leitbox Storage Partners' DST investor portal lists LBX Auburn, DST among its offerings, and Leitbox's 2025 press release names StorEagle Auburn as one of its mixed-use storage and retail properties. Top1031 records the sponsor as undisclosed because the filing does not attribute it.
What does the public record say about debt or lease structure?
Nothing. No retrieved source establishes leverage, a lender, loan terms, a master lease, distribution terms, or occupancy for this Trust. A prospective investor would find those terms only in the offering documents not in the SEC filing.
Does this Trust have a 721/UPREIT exit path?
The data on record shows no conversion feature. A 721 or UPREIT exit lets a DST's property be contributed to a real estate investment trust's operating partnership in exchange for units, deferring tax but ending the ability to do another 1031 exchange. Nothing in this Trust's filing indicates that option.

In the news

Sources

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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.