Strategic Storage Trust II Buys Colorado Self Storage Facility

Strategic Storage Trust II, a publicly registered non-traded REIT sponsored by SmartStop Asset Management, purchased a self storage facility in Aurora, Colorado totaling approximately 400 units and approximately 53,360 rentable square feet. The purchase price was not disclosed.

“This facility is in a solid retail location —a growth market with excellent demographics,” said H. Michael Schwartz, chairman and CEO of SST II. “We will continue to focus on major metros like the greater Colorado market which offer tremendous long term value.”

Developed in 2012, the Aurora self storage facility is located at 6950 S. Gartrell Road and sits on 5.51 acres. The 10-building facility is approximately 95 percent occupied and offers drive-up and interior climate controlled units in addition to RV parking.

SST II focuses on stabilized self storage properties and oversees a portfolio of approximately 47,520 self storage units and approximately 5.5 million rentable square feet of storage space. As of January 3, 2017, the REIT had raised approximately $549 million in investor equity.

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