Strategic Storage Trust IV acquires four-facility self-storage portfolio in North Carolina, Virginia and Florida
Strategic Storage Trust has acquired a 3,500-unit portfolio consisting of four newly constructed self storage facilities located in Charlotte, North Carolina; Charlottesville, Virginia; and Ocoee, Florida.
"This portfolio marks Strategic Storage Trust IV's expansion into the North Carolina and Virginia markets. The properties are located in suburban growth paths adjacent to community retail centers and with the Charlottesville facility, located very close to the urban core and the University of Virginia campus," said Wayne Johnson, chief investment officer. "These properties are premier examples of the high-quality self storage facilities that Strategic Storage Trust IV seeks to acquire on behalf of its investors, and we anticipate significant revenue growth that will be accretive to Strategic Storage Trust IV from the completion of lease-up."
The four properties that comprise the portfolio are located at:
- 7307 University City Boulevard, Charlotte, N.C.;
- 2307 Hydraulic Road, Charlottesville, Va.;
- 9800 Ardrey Kell Road, Charlotte, N.C.; and
- 1071 Marshall Farms Road, Ocoee, Fla.
Constructed on approximately 14.6 acres of land, the portfolio comprises approximately 326,000 square feet of space and includes 3,500 units. The facilities offer several amenities, including drive-up access, interior climate-controlled units, electric gate access, fencing and lighting, video surveillance, wine storage, wide driveways, and more.
