Strategic Storage Trust IV has acquired a newly constructed, 716-unit self-storage facility in Surprise, Arizona, a suburb of Phoenix.
The acquisition of the Class A facility marks Strategic Storage Trust IV's 22nd wholly owned property acquisition and its first property in the Phoenix area.
"With the acquisition of this new facility, Strategic Storage Trust IV has established a presence in Arizona's thriving Northwest Valley," said Wayne Johnson, chief investment officer. "Located just 45 minutes from downtown Phoenix, Surprise's growing commercial, residential and retail sectors meet our goal of strategically providing storage solutions in areas with strong demographics and high barriers to entry."
Located at 13788 W. Greenway Road, the facility is comprised of approximately 79,000 square feet of space and is situated on 3.13 acres of land. Constructed in 2019, the self storage property features climate control, drive-up access, ground-level units, overhead l
