Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust, acquired two facilities for a combined purchase price of $5.8 million.
The 600-unit facility in Montgomery, Ala., is six miles east of downtown. It sits on 5.5 acres and has approximately 94,600 rentable square feet. The facility was constructed in 1995 and remodeled in 2004. The Phoenix facility, built in 1974, has 520 units on 1.4 acres with 38,750 rentable square feet. Both properties were purchased from an unaffiliated third party.
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