Strategic Storage Trust IV Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, has purchased a self-storage facility in North Las Vegas, Nev. The former StorageOne location at 2555 W. Centennial Parkway comprises 66,400 net rentable square feet in about 600 units. It includes electronic gate and lobby access, elevators, fencing, individual unit alarms, lighting, 40 RV-parking spaces, and security cameras, according to a press release.
"This self-storage facility is part of a busy neighborhood retail center with access and signage along Aliante Parkway and Simmons Street—two primary corridors with high-traffic counts in North Las Vegas," said Wayne Johnson, chief investment officer. "Through its affiliated property management arm, Strategic Storage Trust IV will bring institutional expertise to a locally managed outlet where renters will benefit from an in-house call center and the full resources of a nationwide professional self-storage operator."
Based in Maryland, SST IV owns six self-storage properties comprising about 403,900 net rentable square feet. It intends to invest in a portfolio of self-storage properties in Canada and the United States.
SmartStop is the asset manager for 117 facilities in Canada and the U.S. Its portfolio comprises approximately 8.6 million rentable square feet.
Source:
PR Newswire, Strategic Storage Trust IV Acquires Approximately 600-Unit Self Storage Facility in Greater Las Vegas
