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Strategic Storage Trust IV Acquires 580-Unit Self Storage Facility in Las Vegas

Posted: 4/9/2018 Link: MENAFN.com
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Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today its acquisition of an approximately 580-unit self storage facility located at 8020 Las Vegas Blvd. South in Las Vegas, Nevada.

"The property is located on Las Vegas Blvd. adjacent to Interstates 15 and 215, with solid population density and a high traffic count," said Wayne Johnson, chief investment officer. "This acquisition aligns well with our investment criteria and we believe the property will benefit operationally by being in close proximity to other SmartStop managed facilities in the area."

The facility has approximately 55,000 rentable square feet and features 24-hour onsite management.

About Strategic Storage Trust IV, Inc. (SST IV)

SST IV is a Maryland corporation that intends to qualify as a real estate investment trust for federal income tax purposes for the taxable year ended December 31, 2017. SST IV focuses on the acquisition of stabilized and growth self storage properties. SST IV owns four properties comprising approximately 2,120 self storage units and approximately 237,000 net rentable square feet of storage space.

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