SmartStop Self Storage REIT, Inc. Acquires New Facility in Spartanburg, South Carolina
July 16 2024 - 6:34PM
Business Wire
SmartStop Self Storage REIT, Inc. ("SmartStop" or the
"Company"), a self-managed and fully integrated self-storage
company, proudly announces the acquisition of a Class A
self-storage facility in Spartanburg, South Carolina. The
state-of-the-art three-story building features approximately
109,500 net rentable square feet and approximately 950
climate-controlled units.
Strategically situated on East Main Street, the facility has two
elevator access points and 29 premium drive-up climate-controlled
units—an exceptional offering in the Spartanburg market. The dense
residential population within a five-mile radius makes this
acquisition a strategic fit for growth and long-term investment. It
sits in a prime location within a vibrant retail hub surrounded by
notable big-box establishments. This new Spartanburg location will
serve the neighborhoods of Summit Hills, Zion Hill, Hillbrook,
Fernwood, Hillcrest, Converse, Clifton, Glendale, Beaumont Village,
Whitney Heights, and Drayton.
"We are thrilled to announce the launch of our fourth
self-storage facility in South Carolina," stated Wayne Johnson,
President of SmartStop. "This expansion underscores our unwavering
commitment to providing premium, well-maintained storage solutions
equipped with valuable amenities for our customers. The Spartanburg
facility not only enhances our presence in the state but also
aligns with our strategy of investing in high-quality assets in key
markets."
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a
self-managed REIT with a fully integrated operations team of
approximately 500 self-storage professionals focused on growing the
SmartStop® Self Storage brand. SmartStop, through its indirect
subsidiary SmartStop REIT Advisors, LLC, also sponsors other
self-storage programs. As of July 16, 2024, SmartStop has an owned
or managed portfolio of 198 operating properties in 22 states and
Canada, comprising approximately 140,100 units and 15.8 million
rentable square feet. SmartStop and its affiliates own or manage 35
operating self-storage properties in Canada, which total
approximately 30,700 units and 3.2 million rentable square feet.
Additional information regarding SmartStop is available at
www.smartstopselfstorage.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240716964826/en/
David Corak VP of Corporate Finance SmartStop Self
Storage REIT, Inc. IR@smartstop.com