Strategic Storage Trust II Buys California Self Storage Facility for $4.7 Million

January 21, 2016

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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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.