PORT ST. LUCIE – Strategic Storage Trust II, Inc. (SST II) – which is sponsored by SmartStop Asset Management, LLC – recently purchased a self storage facility located in Port St. Lucie. The four-building facility totals approximately 530 units and approximately 53,100 rentable square feet.
“We targeted this self storage facility due to its high occupancy level and solid location,” said H. Michael Schwartz, chairman and CEO of SST II.
Built in 1999, the Port St. Lucie facility sits on approximately 3.56 acres and is approximately 97 percent occupied. Located at 525 SW South Macedo Boulevard, the facility offers drive-up, RV spaces and climate-controlled units.
Strategic Storage Trust II, Inc. (SST II) is a public non-traded REIT that focuses on stabilized self storage properties. The SST II portfolio includes approximately 27,600 self storage units and approximately 3.0 million rentable square feet of storage space.
SmartStop Asset Management, LLC is a diversified real estate company with a managed portfolio that currently includes approximately 43,000 self storage units and approximately 4.7 million rentable square feet. The company is the asset manager for 69 self storage facilities located throughout the United States and Toronto, Canada. SmartStop Asset Management is the sponsor of SST II and Strategic Storage Growth Trust, Inc. (SSGT), a public non-traded REIT focused on opportunistic self-storage assets.
This story is distributed by Treasure Coast Business, tcbusiness.com, a service for the readers and advertisers of Indian River Magazine. Report news of your business at [email protected]