REIT Pays $19.5M for Tamarac Self-Storage Facility

Strategic Storage Growth Trust III (SSGT), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced the acquisition of a storage facility in Tamarac, Florida. The recently completed facility was sold by Blue Vista Capital Management and Southwestern Property Corp. The facility spans approximately 69,000 net rentable square feet and features a five-story building with approximately 760 interior and climate-controlled storage units.

The location is surrounded by mainly residential homes and apartments with strong visibility along W. McNab Road. The company says the strategic location has significant growth potential, with over 3,000 housing starts in the planning stages within a three-mile radius, making it a prime location for SSGT III’s acquisition strategy. Furthermore, the area experiences a robust seasonal population.