Strategic Storage Trust IV, a public nontraded real estate investment trust sponsored by SmartStop Asset Management, has acquired an approximately 600-unit self-storage facility in North Las Vegas.
“This self-storage facility is part of a busy neighborhood retail center with access and signage along Aliante Parkway and Simmons Street, two primary corridors with high traffic counts in North Las Vegas,” said Wayne Johnson, CIO. “Through its affiliated property management arm, Strategic Storage Trust IV will bring institutional expertise to a locally managed outlet where renters will benefit from an in-house call center and the full resources of a nationwide professional self-storage operator.”
Located at 2555 W. Centennial Parkway, the 2.21-acre property is comprised of approximately 66,400 net rentable square feet and includes 40 RV spaces. The secured storage facility was approximately 92 percent leased at the time of acquisition, and features computerized gate and lobby access, elevators, fencing and lighting, individually alarmed units, tenant insurance, video surveillance, moving carts, and air-cooled units.
