LADERA RANCH, Calif.–(BUSINESS WIRE)–Sept. 21, 2022–
Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by a subsidiary of SmartStop Self Storage REIT, Inc. (“SmartStop”), today announced the acquisition of an approximately 63,000 square foot self storage facility at Oxford, Florida. The facility is conveniently located minutes from The Villages, one of the fastest growing metropolitan areas in the United States over the past decade.
The property has frontage visibility from US Highway 301, with traffic of over 30,000 vehicles per day. It includes a mix of approximately 440 indoor air-conditioned and outdoor units with direct access as well as 48 outdoor RV parking spaces. Surrounding communities expect population growth of 15% from 2021 to 2025. In addition to The Villages, the facility is easily accessible from the Wildwood and Summerfield areas.
“We are excited to add this high-profile property to our SST VI portfolio and expand SST VI’s footprint in Florida,” said Wayne Johnson, Chief Investment Officer of SST VI. “This is our 13th US property in the program. We believe this acquisition represents a tremendous opportunity for our shareholders. »
About Strategic Storage Trust VI, Inc. (SST VI):
SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in revenue-generating and growth-generating self-storage facilities and related self-storage real estate investments in the United States and Canada. As of September 21, 2022, SST VI has a portfolio of 13 properties in operation in the United States comprising approximately 8,400 units and 900,000 leasable square feet; a building of approximately 890 units and 92,400 leasable square feet in Toronto, Ontario; and joint venture interests in two properties under development in Toronto, Ontario.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operating team of approximately 450 self-storage professionals focused on growing the SmartStop® Self Storage brand . SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of September 21, 2022, SmartStop owned or managed a portfolio of 176 properties in 22 states and Ontario, Canada, comprising approximately 120,600 units and 13.7 million leasable square feet. SmartStop and its affiliates own or manage 20 operating self-storage properties in the Greater Toronto Area, totaling approximately 17,050 units and 1.7 million leasable square feet. Additional information about SmartStop is available at www.smartstopselfstorage.com.
Show source version on businesswire.com:https://www.businesswire.com/news/home/20220919005827/en/
CONTACT: David Corak
Vice President of Corporate Finance
SmartStop Self Storage REIT, Inc.
KEYWORD: CALIFORNIA FLORIDA UNITED STATES NORTH AMERICA CANADA
SECTOR KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE SCI
SOURCE: Strategic Storage Trust VI, Inc.
Copyright BusinessWire 2022.
PUBLISHED: 09/21/2022 16:13 / DISK: 09/21/2022 16:13
Copyright BusinessWire 2022.