Market Wired | May 11, 2016 12:25 ET
Strategic Storage Trust II, Inc. (SST II) — which is sponsored by SmartStop Asset Management, LLC — recently purchased a self storage facility located in the Sacramento-Roseville Metropolitan Statistical Area (MSA). The five-building facility totals approximately 530 units and approximately 61,200 rentable square feet.
“We are excited to acquire our first self storage facility in Sacramento,” said H. Michael Schwartz, chairman and CEO of SST II.
Built in 2006, the Sacramento facility sits on approximately 2.80 acres and is approximately 93% occupied. Located at 660 Garden Hwy., the facility offers drive-up, RV spaces and climate controlled units.
