FT. LAUDERDALE, FL-Strategic Storage Trust Inc. a publicly-registered, non-traded REIT, based in Ladera Ranch, CA, purchased a 1,040-unit, self- storage facility in Davie, west of Ft. Lauderdale. The REIT owns 35 self-storage facilities in 14 states, including Maryland, Florida, North Carolina, South Carolina, Nevada, Arizona and California. The seller was not disclosed.

“We will continue to focus on major metros like the South Florida market which offers tremendous long-term value at today’s prices,” says H. Michael Schwartz, SSTI’s chairman and CEO. The REIT did not disclose the price of the facility.

The Davie facility, which consists of 13 single-story buildings, is located on 8.4 acres less than three miles west of Ft. Lauderdale-Hollywood International Airport. “The Davie property, which was built in 1990, was a little older than most of our facilities, but we liked the location on State Road 7 near I-595,” says Wayne Johnson, senior vice president of acquisitions at SSTI, who is based in Dallas. “It has high visibility, both climate-controlled and non-climate-controlled units and easy tenant access,” he says. The property includes a manager’s office with a two-story, residential apartment and it has an occupancy of 78%.