Strategic Storage Growth Trust II, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has acquired a 970-unit self storage facility in Homestead, a suburb of Miami, Florida.
“This is a newly constructed Class A facility strategically located along U.S. Route 1, in the rapidly growing suburban market of Homestead, Florida,” said Wayne Johnson, chief investment officer.
“In these challenging times we will continue to actively seek acquisitions and recapitalization opportunities throughout the U.S. and Canada,” he added.
Located at 1235 Northeast 12th Ave., the four-building facility is situated on approximately 3.2 acres of land. The property has approximately 91,400 net rentable square feet and is equipped with approximately 30 RV spaces. Completed in 2019, amenities at 1235 Northeast 12th Ave. include: climate-controlled units; computerized keypad access; drive-up access; ground-level units; video surveillance; and RV, auto and boat storage.