Strategic Storage Growth Trust III acquires self-storage property in N.J.

Strategic Storage Growth Trust III, a private company sponsored by an affiliate of SmartStop Self Storage REIT that intends to qualify as a real estate investment trust, announced the acquisition of an approximately 65,800-net-rentable-square-foot storage facility at 97 State Route 35 in Eatontown, N.J. The three-story building consists of approximately 730 interior, climate-controlled storage units.

The class-A building, completed in 2022 on the site of a former roller rink, has strong visibility along State Route 35 with a vehicle count of nearly 30,000 per day. Additionally, there are multiple large retail anchor tenants in the immediate area, and the Monmouth Mall is within a half-mile drive.

“This facility will provide residents with a safe and secure place to store their belongings, and it will also offer a variety of amenities that are not available at other storage facilities in the area, including climate-controlled units, 24-hour security, video surveillanc