Strategic Storage Growth Trust has purchased a 695-unit self-storage facility in the Tampa suburb of Riverview, Fla.
“A focus of Strategic Storage Growth Trust is to acquire self-storage properties that have the opportunity to add value to our portfolio through active management,” said Wayne Johnson, chief investment officer. “This newly constructed, class A property is located in an area with growing demand for self storage and provides an amenities package that we believe will be particularly attractive to our customers.”
Located at 9811 Progress Blvd., the approximately 3.4-acre property includes approximately 54,000 square feet of space, including more than 28,000 square feet of climate-controlled space.
Riverview is a part of the Greater Tampa Bay Area, one of fastest-growing metropolitan areas in Florida and the nation, according to U.S. News & World Report. Located south of Brandon, Riverview is near recently constructed apartment complexes and residential homes. Riverview is located in Hillsborough County, where the U.S. Census Bureau reports a population growth of 12 percent between 2010 and 2016.