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Florida & Gulf Coast  + Florida  |  November 21, 2019
David Cohen
By: David Cohen

SST IV Acquires 3,500-Unit Self-Storage Portfolio in Southeast

Strategic Storage Trust IV, Inc., a public non-traded real estate investment trust sponsored by SmartStop Self-Storage REIT, has acquired a 3,500-unit portfolio consisting of four newly-constructed self-storage facilities located in Charlotte, NC, Charlottesville, VA and Ocoee, FL. The sales price was undisclosed.

The four properties are located at 7307 University City Blvd. in Charlotte; 2307 Hydraulic Road in Charlottesville; 9800 Ardrey Kell Road in Charlotte and 1071 Marshall Farms Road in Ocoee. The portfolio comprises approximately 326,000 square feet of space, and features drive-up access, interior climate-controlled units, electric gate access, fencing and lighting, video surveillance, wine storage, wide driveways, and more.

Mark Owen of Eastdil Secured served as the broker on the transaction. The seller was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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