Strategic Storage Growth Trust Inc. (SSGT), a public, non-traded, self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has acquired a newly constructed storage facility in Las Vegas. The property at 6888 N. Hualapai Way comprises 73,000 square feet in 569 units, according to a press release.
The site includes computerized gate and lobby access, drive-up and air-cooled units, elevators, perimeter fencing, LED lighting, wide driveways, and video cameras.
"This facility is located adjacent to the Bruce Woodbury Beltway in Northwest Las Vegas and next to a newly built grocery-anchored retail center," said Wayne Johnson, chief investment officer. "The property is one of our Certificate-of-Occupancy transactions we have underway, and we believe is well-suited for our portfolio."
The SSGT portfolio includes 28 self-storage facilities in Canada and the United States comprising approximately 2.1 million net rentable square feet in 19,000 units. The REIT is sponsored by SmartStop, a diversified real estate company with a managed portfolio of 126 self-storage facilities in Canada and the United States. Its managed properties comprise approximately 9.3 million rentable square feet.