Mar
14
Strategic Storage Growth Trust Buys CA Facility
ByThe firm has purchased a 900-unit newly constructed self-storage property located in Chula Vista, Calif., a suburb of San Diego.
Strategic Storage Growth Trust Inc., a public non-traded REIT sponsored by SmartStop Asset Management LLC, has acquired an 86,000-square-foot newly constructed self-storage facility in the San Diego suburb of Chula Vista, Calif.
Strategically located at 2380 Fenton St., the facility occupies 1.5 acres in the Eastlake area, near the South Bay Expressway. The region is densely populated, more than 89,000 people live within a three-mile radius, with only 2.2 square feet of storage space available per capita, according to Yardi Matrix. Additionally, the average household income is approximately $91,389. The three-story facility comprises roughly 900 climate-controlled units and features a covered loading area and drive-up units…
