LADERA RANCH, CA-Locally based Strategic Storage TrustInc. has completed a three-phase acquisition of a16-property portfolio that represents more than 1.1 million squarefeet of storage space and approximately 8,560self-storage units in South Carolina, Florida andGeorgia. The total aggregate purchase price was approximately $75million.
The acquisition included six properties located in SouthCarolina consisting of approximately 3,740 self-storage units for atotal aggregate purchase price of approximately $38.7 million. Thesix sites, which add approximately 459,000 square feet to SSTI’sinventory of rental storage space, will be rebranded under theSmartStop Self Storage trade name.
The firm tells GlobeSt.com that it cannot disclose the identityof the seller at this time.
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