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6/17/16
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Strategic Storage Trust II Inc (SST II) recently acquired a self-storage facility located in downtown Sonoma. The property totals approximately 340 units and is 37.8k sf in size.
Built in 1984, the Sonoma facility sits on approximately 1.97 acres at 19240 Highway and is 95% occupied. The 24-building facility offers drive-up and RV units.
“The Sonoma self storage acquisition gives us the best location in a market that is over 96% occupied,” said H. Michael Schwartz, chairman and CEO of SST II. “Though the property is highly occupied, we believe there is significant trapped value to be unlocked through a revenue management program, operating efficiencies and capital improvements.”
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