Strategic Storage Trust VI Inc., a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., acquired a 63,000-square-foot self-storage facility in Oxford, Florida, according to the Securities and Exchange Commission. The purchase price was approximately $10.9 million, plus closing costs and an acquisition fee equal to approximately $100,000 payable to the REIT’s advisor.
The property has a mix of 440 interior climate-controlled and exterior drive-up units and 48 outdoor recreational vehicle parking spaces.
Strategic Storage Trust VI, which launched as a private REIT in the first quarter of 2021 and raised approximately $100.7 million. The company launched a $1 billion public offering in March 2022, which has raised approximately $13.4 million as of June 30, 2022.
As of Sept. 22, 2022, Strategic Storage Trust VI Inc. oversees a portfolio of 13 operating properties in the United States comprising of approximately 8,400 units and 900,000 rentable square feet, as well as joint venture interests in two development properties in Toronto, Ontario.