The self-storage facility at 1113 South 17th Street in Wilmington, North Carolina, sold on March 1, 2022, according to Compass property records. Go Store It Wilmington Storage DST is a Delaware Statutory Trust (DST) sponsored by Go Store It Partners, and its only Form D reached the SEC on May 13, 2019.
No SEC filing names a property. What connects the Trust to that address is the Trust's own name and the Sponsor's Wilmington locations page, which carries 1113 South 17th Street among its sites. A locations page identifies the operator, not the owner.
Offering as filed | |
|---|---|
Status | Historical |
Exemption | 506(b) |
Offering amount | $5,175,000 |
Minimum investment | $25,000 |
Asset class | Commercial (self-storage) |
Exit type | Property sold |
The building had a name before the Trust did. WilmingtonBiz identified the address in 2018 as The Vault on 17th, acquired and rebranded under the Go Store It banner by Madison Capital. No document in this record sets out the corporate relationship between that buyer and Go Store It Partners.
Compass puts the price at $12.25 million in the same listing record. That is a property listing figure, not a sponsor disclosure. Top1031's disposition entry labels the basis of the number a sponsor announcement, while every source filed beneath it is a listing page, a news article, the Form D or a third-party sponsor profile; this report relies on the listing, and notes the label and the sources disagree.
There is no sponsor disposition announcement in the public record, no total return, no annualized figure, no equity multiple and no named buyer. The Form D was never going to close that gap: it states the raise, the exemption and the minimum, and nothing about distributions, which sit in a private placement memorandum no public filing includes.
Measured from the Form D to the sale, the interval runs to within three years. That is a filing-to-sale span, not a hold: the building was in Madison Capital's hands before the Trust existed, and no document in the record states when the Trust took title or gave it up.