Strategic Storage Trust VI, Inc., a private REIT sponsored by an affiliate of Smart Stop Self Storage REIT, Inc. has purchased two newly constructed self storage facilities in Bradenton and Apoka, Florida.
The acquisitions are the seventh and eighth acquisitions made by the SST Trust which has invested nearly $85 million in self storage facilities and land for future development in 2021. The properties contain 44,300 and 64,000 square feet of rental space with proximity to highways and major roads in Florida.
The Apoka facility contains a blend of units including interior climate controlled, drive-up, RV/boat spaces and non-climate controlled units. The firm intends to add an additional 28,250 square feet of rentable space through an additional single-story building. The Bradenton facility offers an entirely climate controlled storage space with sophisticated security, gated entry, LED lighting and secure and alarmed doors.
“We are extremely pleased to add these superb properties to our portfolio at SST VI, and expand SST VI’s footprint into the state of Florida,” said Wayne Johnson, CIO of SST VI. “We are quickly amassing a very high quality portfolio that we expect will create strong value and generate strong cash flows for stockholders.”