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Strategic Storage Trust Buys Jersey City Facility

To expand its presence in the Northeast, Strategic Storage Trust Inc. purchased the U-Store-It self-storage property at 69 Mallory Ave. in Jersey City, N.J.

To expand its presence in the Northeast, Strategic Storage Trust Inc. purchased the U-Store-It self-storage property at 69 Mallory Ave. in Jersey City, N.J. The facility was acquired for $11.63 million in an all-cash transaction. Constructed in 1985, the property contains approximately 1,090 units and 91,500 rentable square feet on 2.2 acres.
 
Strategic Storage Trust is a publicly registered non-traded REIT. Since the company’s launch in 2008, its portfolio has expanded to include 11 self-storage facilities in six states.

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