Top1031

West Jefferson NC Portfolio

Self-storage property in West Jefferson, NC

HistoricalLast Form D filed May 22, 2024 (opens in a new tab)

West Jefferson NC Portfolio was a DST that owned 4 self-storage properties in West Jefferson, NC. Its last Form D was filed May 22, 2024.

How it ended

No outcome recorded · under 7 years

Last Form D filed May 22, 2024.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$6,161,983
Equity offered, per the Form D
Sold
60.7%
Form D, May 22, 2024; the % is our arithmetic
Investors reported
29
Form D, May 22, 2024
Selling commissions
$585,389 · 9.5% 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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Ask a 1031 specialist about this recordFree. About: West Jefferson NC Portfolio. Top1031 is not a broker-dealer.

What did West Jefferson NC Portfolio own?

The Trust holds a cluster of self-storage facilities in and around West Jefferson, in Ashe County, North Carolina. Marketplace listings describe them as operating under the Snapbox Self-Storage / Go Store It brand. The Form D lists no street addresses, and no primary record ties specific facilities, acquisition dates, or purchase prices to this Trust — the offering documents are where that detail would sit.

Reported location
West Jefferson, NC
Property size
4 properties / 219 storage units

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

The Form D reports no mortgage debt and names no lender. Whether this Trust is leveraged or all-cash — and on what terms — is not answerable from the public record; that belongs to the offering documents.

Debt

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

Costs and terms from the Form D

Selling commissions
$585,389 · 9.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$720,000 · 11.6% 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
Feb 22, 2024
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 nothing since — no amendments, no closing notice. The offering is made under Rule 506(b), the private-placement rule permitting sales to accredited investors without general advertising, and the issuer reported its first sale on February 22, 2024. 1

Legal Trust name
West Jefferson NC Portfolio, DST
SEC CIK
2011853
First Form D
May 22, 2024
Latest Form D
May 22, 2024
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 soldInvestors
Form D$6,161,983
$3,742,878
29
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 West Jefferson NC Portfolio?
West Jefferson NC Portfolio is a Historical offering. Last Form D filed May 22, 2024.
Who is the sponsor of West Jefferson NC Portfolio, DST?
It is not disclosed. The Form D filed May 22, 2024 names no sponsor entity. It does report the issuer's principal place of business as 2929 Walnut Street, Suite 1520, Philadelphia, Pennsylvania, and identifies Jacob Ramage as an executive officer and manager of the signatory trustee. An investor would need the offering documents to learn who is actually operating the program.
Where exactly are the properties?
The public record places them in and around West Jefferson, in Ashe County, North Carolina, and marketplace listings describe them as running under the Snapbox Self-Storage / Go Store It brand. No street addresses appear in the Form D, and no primary source was located tying named facilities to this Trust.
What is the minimum investment?
The Form D reports a minimum investment of $100,000 for outside investors. Minimums are set in the offering documents and can differ by investor type or be waived by the sponsor.
Does this Trust have debt?
Unknown. The Form D does not report leverage, a lender, or loan terms, and no other primary source discloses them. Leverage matters in a 1031 exchange because an exchanger generally must replace both equity and debt to fully defer gain, so this is a first-order offering-document question here.
Could this convert into a REIT through a 721 exchange?
Nothing in the record indicates a 721/UPREIT exit — the path where a DST's property is later contributed to an operating partnership in exchange for REIT units. Absent a named sponsor REIT, the assumption for this Trust is a conventional property sale at the end of the hold.

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.