Strategic Storage Trust VI, a private REIT sponsored by an affiliate of SmartStop Self Storage REIT, has acquired a 335-unit self-storage facility in Las Vegas.
The financial terms and seller were not disclosed.
The property was completed in September 2020 and was approximately 19 percent occupied at acquisition. This is the third acquisition in the newly formed SST VI and the 10th property owned or managed by SmartStop in the Las Vegas market.
Located at 8570 S. Durango Drive at the intersection of Cougar Avenue and Durango Drive, the newly constructed facility is composed of approximately 52,200 square feet of rental space. This location is well positioned to serve the areas of Las Vegas, Enterprise, Rhodes Ranch, Sovana, Spring Valley and Silverado Ranch. It is easily accessible from I-15 and the Bruce Woodbury Beltway, and a short drive from downtown Las Vegas. The new SmartStop® Self Storage location has desirable amenities, including a sophisticated secur
