Strategic Storage Trust IV Acquires 350-Unit Self Storage Facility Near Seattle
July 24, 2019 | Strategic Storage Trust IV, Inc.
Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust, announced today the acquisition of a 350-unit self storage facility in Redmond, Washington.
“This facility has established itself as a convenient self storage and retail services provider for the Redmond submarket of Seattle,” said Wayne Johnson, president and chief investment officer. “The facility has an irreplaceable location. Redmond has a high quality of life, with wealthy income levels and a diverse job base. We are very pleased to add this property to our growing portfolio of self storage facilities nationwide.”
Located at 23316 Redmond-Fall City Road NE, the property features gated entry, drive-up units, heated units, and 24/7 video surveillance. Constructed in 1997, the facility is comprised of approximately 48,000 net rentable square feet.
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