166 Auto Auction Remarketing Center
Legal trust name U.S. Property Development - Springfield DST
Offering size$13.2M
Asset typeIndustrial
LocationSpringfield, MO
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedFeb 26, 2025
Last filedJun 1, 2026
Minimum$100k
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 Private Placement Memorandum before investing.
166 Auto Auction Remarketing Center is the Top1031 name for U.S. Property Development – Springfield DST, a Delaware statutory trust holding a commercial automotive auction facility at 2944 W Sunshine St, Springfield, Missouri. The property comprises five single-story buildings totaling about 92,037 square feet on roughly 38.66 acres, leased to 166 Auto Auction, LLC, a subsidiary of NASDAQ-listed ACV Auctions Inc., under a 20-year absolute triple-net lease with 3% annual escalations. The sponsor is Fort Worth-based U.S. Property Development Management. An issuer Form D/A dated June 1, 2026 reported a $13,212,143 offering with $107,764 sold as of that filing.
Min $100k (506c); NNN 7-yr lease to 166 Auto Auction (ACV Auctions/ACVA sub); $108k of $13.2M sold as of 6/1/26
~92k SF, 5 bldgs, 38.66 ac, 1,200+ parkingBased on issuer-filed Form D notices through Jun 1, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount1.0%
Capital sold, per latest Form D$107,764
Remaining amount reported in latest Form D$13,104,379
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedFeb 26, 2025
Latest filingJun 1, 2026
Filings tracked15
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and site
U.S. Property Development describes the trust asset as a commercial automotive auction facility at 2944 W Sunshine St, Springfield, Missouri 65807, comprising five single-story buildings totaling approximately 92,037 square feet on roughly 38.66 acres — a 48,500 SF body shop, a 24,285 SF auction barn, a 13,550 SF detail shop, a 4,870 SF tunnel car wash, and an 832 SF detached garage. Site improvements include over 1,200 parking spaces, concrete and asphalt paving, landscaping, secure fencing, and zoning supporting commercial and general manufacturing uses 1.
Lease and tenant
Sponsor materials describe a 20-year absolute triple-net lease to 166 Auto Auction, LLC, carrying two five-year renewal options and 3% annual rent escalations for the first 12 lease years 2. The tenant is a subsidiary of ACV Auctions Inc., publicly traded on NASDAQ as ACVA. Per ACV's 2024 Form 10-K, the 166 Auto Auction business has operated as a wholesale vehicle auction in Springfield since 1949 and contributed $19.1 million in revenue and $8.9 million in operating income in 2024; ACV acquired the operating business on March 8, 2024 for $27.4 million in total cash consideration, then divested the real estate to the DST through a sale-leaseback in February 2025 3.
Sponsor
The DST sponsor and manager is U.S. Property Development Management, a Fort Worth, Texas real estate firm affiliated with U.S. Energy Development Corporation, an oil-and-gas investment firm founded in 1980, with Matthew Iak serving as CEO 4.
Offering status
An issuer-filed Form D/A dated June 1, 2026 reported a total offering of $13,212,143 with $107,764 sold as of that filing 4. Top1031's structured record, derived from the same filing history, first noted the offering on February 26, 2025 5. These are issuer-filed amounts as of the filing date and do not indicate current availability.
In the news
Frequently asked questions
Is 166 Auto Auction Remarketing Center currently active?
166 Auto Auction Remarketing Center is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for 166 Auto Auction Remarketing Center?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.