LADERA RANCH, Calif .– (BUSINESS WIRE) – Strategic Storage Trust VI, Inc. (“SST VI”), a private real estate investment trust sponsored by a subsidiary of SmartStop Self Storage REIT, Inc., announced today the acquisition of a newly constructed self storage facility with 650 units known in Phoenix, Arizona. This is the fifth acquisition in the newly established SST VI and the third property owned by SST VI in the Phoenix market.
The newly constructed facility is located at 4730 E. Baseline Road at the intersection of Baseline Road and 48th Street and has approximately 68,500 square feet of rental space. This location is well positioned to serve the Knoell Gardens, South Mountain, Ahwatukee and South Tempe areas. It is easily accessible from I-10 and is just blocks from Arizona Mills and the Arizona Grand Resort. Arizona State University students can also benefit from this new location. The facility has desirable amenities, including a sophisticated security system with high-resolution camera surveillance, secured and alarmed doors, entrance gate, LED lighting, access units on the ground floor and air-conditioned indoor units with spacious elevators for the upper units.
“The facility is directly across from one of our existing businesses that has performed exceptionally well,” said Wayne Johnson, chief investment officer of SST VI. “We are very pleased to include this high-quality property in our portfolio at SST VI and to expand our presence both in Phoenix and in this high-growth submarket.”
About Strategic Storage Trust VI, Inc. (SST VI):
SST VI is a Maryland corporation intending to qualify as a real estate investment trust for federal income tax purposes. SST VI’s primary investment strategy is to invest in high yielding and growing self storage and related self storage real estate investments in the United States and Canada.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop is a self-managed REIT with a fully integrated operations team of approximately 400 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop also sponsors other self-storage programs through its indirect subsidiary SmartStop REIT Advisors, LLC. As of November 30, 2021, SmartStop is one of the largest self-storage companies in North America with a owned and managed portfolio of 160 properties in 19 states and Ontario, Canada, spanning approximately 109,000 units and 12.3 million rentable square feet. SmartStop and its affiliates own or manage 19 operational self-storage properties in the Greater Toronto Area, totaling approximately 16,200 units and 1.7 million square feet of lettable space. You can find more information about SmartStop at www.smartstopselfstorage.com.
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