SAN ANTONIO--Strategic Storage Growth Trust Inc. (SSGT), which is sponsored by SmartStop Asset Management LLC, has acquired a self-storage facility for approximately $12.3 million.
The facility consists of nearly 385 self-storage units and approximately 49,250 net rentable square feet of storage space. In addition, the property contains 5,800 net rentable square feet of cold storage space, 8,300 net rentable square feet of office space and 9,000 net rentable square feet of "flex" warehouse space.
"We are pleased with our continued acquisition growth and our ability to find high quality self-storage properties with strong growth potential," said H. Michael Schwartz, chairman and CEO of SSGT.
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