REBusinessOnline

SSTI ENTERS BAY AREA MARKET WITH TWO-PROPERTY, $14.1 MILLION PURCHASE

VALLEJO AND MORGAN HILL, CALIF. — Strategic Storage Trust Inc. has acquired two properties in the San Francisco Bay Area, totaling approximately 1,350 units, for an aggregate price of $14.09 million. Located at 3480 Tennessee Street in east Vallejo, the 860-unit property consists of approximately 75,000 rentable square feet across seven single-story buildings on about 4.1 acres. Located at 222 San Pedro Ave. in Morgan Hill, the 490-unit property consists of 61,000 rentable square feet spanning three single-story buildings on approximately 3 acres. Built in 2001 and 1997, respectively, the new sites will be re-branded under the SmartStop Self Storage trade name. Holliday Fenoglio Fowler LP’s Aaron Swerdlin represented the sellers in the transaction.

Content Partners
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