Jan 20 2016 | Article by: The DI Wire
Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, purchased a self storage facility in Lancaster, California for approximately $4.7 million.
The 10-building facility, which was built in 1991, is comprised of approximately 550 units totaling 71,900 rentable square feet. The property sits on approximately 4.8 acres and contains drive-up units, interior units and RV spaces. The occupancy rate is 88 percent.
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