Strategic Storage Trust IV Acquires Approximately 600-Unit Self Storage Facility in Greater Las Vegas
LAS VEGAS – (July 23, 2018) – 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 600-unit self storage facility in North Las Vegas.
“This self storage facility is part of a busy neighborhood retail center with access and signage along Aliante Parkway and Simmons Street, two primary corridors with high traffic counts in North Las Vegas,” said Wayne Johnson, chief investment officer. “Through its affiliated property management arm, Strategic Storage Trust IV will bring institutional expertise to a locally managed outlet where renters will benefit from an in-house call center and the full resources of a nationwide professional self storage operator.”
Located at 2555 W. Centennial Parkway, the 2.21-acre property is comprised of approximately 66,400 net rentable square feet and includes 40 RV spaces. The secured storage facility was approximately 92 percent leased at the time of
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 six properties comprising approximately 3,600 self storage units and 403,900 net rentable square feet of storage space.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties
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