Strategic Storage Trust IV, a public nontraded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, has acquired a recently converted 800-unit self-storage facility in Punta Gorda, Fla.
The financial terms and seller were not disclosed.
"This facility was recently converted to self-storage and has a unique drive-thru lane that runs the entire length of the building providing tenants fully climate-controlled access to their units. It also benefits from its strategic location near the intersection of Tamiami trail/FL 41 and Jones Loop Rd. with very 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 Class A facility."
Located at 3811 Tamiami Trail, the facility comprises approximately 106,000 net rentable square feet of space on 7.9 acres of land. Completed in September 2018, the self-storage facility includes an int
