Strategic Storage Trust IV, Inc., a public non-traded REIT sponsored by an affiliate of SmartStop Self Storage REIT, has acquired a newly constructed, 1,150-unit self storage facility in Escondido, Calif., a suburb of San Diego.
“This facility benefits from its strategic location near the Metcalf Street and Mission Avenue intersection as well as Interstate 15 and California State Route 78, thoroughfares that experience high daily traffic counts,” said Wayne Johnson, CIO. “We are pleased to further strengthen our portfolio of premier self storage facilities with the addition of this newly constructed, well-located facility.”
Located at 852 Metcalf St., the fenced and lit facility comprises approximately 96,500 square feet of space and is situated on 1.13 acres of land. Constructed during 2019 and completed in 2020, the self-storage property features climate-controlled units, computerized keypad access, ground-level units, video surveillance and wide driveways. T
