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REIT Buys 900-Unit Chula Vista Self Storage Facility
Strategic Storage Growth Trust, Inc., purchased a roughly 900-unit self storage facility in the San Diego suburb of Chula Vista. Situated on 1.5 acres of land, the newly-built property features a three-story building bisected by a covered loading area, and has drive-up units lining its exterior.
Strategic’s Wayne Johnson says, “The Eastlake location is in a high growth, high income area of Chula Vista, in close proximity to major retailers and residential developments. An excellent fit for our strategic acquisition strategy, this newly constructed facility was acquired by Strategic Storage Growth Trust from its developers following the issuance of a certificate of occupancy, and should add significant value to our portfolio.”
The 86,000-square-foot facility, located at 2380 Fenton St., is 100% climate-controlled.
The real estate investment trust is sponsored by Ladera Ranch, CA-based SmartStop Asset Management, LLC.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

