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