9,540 Units Trade in Largest Self Storage Sale so Far This Year

June 9, 2016

Strategic Storage Trust II Acquires 11 Facilities in Florida, Baltimore in First of Two-Phase Acquisition

Strategic Storage Trust II Inc. (SST II) locked up the largest self storage property sale so far this year with the $275 million purchase of 11 facilities in Florida and Maryland totaling approximately 9,540 units and approximately 985,500 rentable square feet.

The sale is just the first phase of SST II’s acquisition of a 27-property portfolio from Mindful Storage of Delray Beach, FL.

SST II, which is sponsored by SmartStop Asset Management of Ladera Ranch, CA, funded the purchase with a combination of proceeds from its public stock offering and a drawdown of approximately $100 million under its credit facility with KeyBank.

Article Located Here
Print Friendly, PDF & Email
Go Back
Austin Gross
Blue Vault Broker Dealer Educational Summit
February 23, 2019

Blue Vault has been an important partner to Geneos in providing us and our advisors pertinent information about non-traded products and the industry as a whole. The annual BD Summit is a valuable due diligence experience for any broker dealer."