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Transactions - JULY 17, 2024

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SmartStop Self Storage REIT acquires new facility in Spartanburg, S.C.

by RELEASED

SmartStop Self Storage REIT announced the acquisition of a class-A, self-storage facility in Spartanburg, S.C. The three-story building features approximately 109,500 net rentable square feet and approximately 950 climate-controlled units.

Situated on East Main Street, the facility has two elevator access points and 29 premium drive-up climate-controlled units. The dense residential population within a five-mile radius makes this acquisition a strategic fit for growth and long-term investment. It sits in a location within a retail hub surrounded by notable big-box establishments. This new Spartanburg location will serve the neighborhoods of Summit Hills, Zion Hill, Hillbrook, Fernwood, Hillcrest, Converse, Clifton, Glendale, Beaumont Village, Whitney Heights, and Drayton.

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