14 Nov 2019
Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Self Storage REIT Inc., has purchased a 3,500-unit portfolio consisting of four newly constructed self-storage facilities located in Charlotte, North Carolina; Charlottesville, Virginia; and Ocoee, Florida for nearly $64.5 million.
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Constructed on approximately 15 acres of land, the portfolio comprises approximately 326,000 square feet of space and includes 3,500 units. Amenities include drive-up access, interior climate-controlled units, electric gate access, fencing and lighting, video surveillance, and wine storage, among others. The North Carolina and Virginia facilities are located within close proximity to state universities, while the Florida property is the REIT’s first property located in the Orlando metroplex.
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