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9/29/16
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Strategic Storage Trust II Inc (SST II) recently purchased a Las Vegas self storage facility consisting of approximately 810 units, 39 of which are RV parking spaces, across approximately 101.4k sf rentable space. The price was not disclosed.
Located at 9890 Pollock Drive, the eleven-building facility sits on approximately 5.5 acres and is 83% occupied. Built in 2000, the facility offers climate controlled units, drive-up units and RV parking.
“This Las Vegas facility represents the second half of a two-property transaction,” said H. Michael Schwartz, chairman and CEO of SST II. “The sister facility, which we acquired back in July, is located less than a mile away on E. Silverado Blvd, and contains a complimentary offering of unit types. Now we have a clear opportunity for referral business and co-branding.”
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