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June 16, 2024
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Strategic Storage Trust VI Picks Up Portland Area Self-Storage Property


Vancouver Self Storage, a 1,134-unit, all climate-controlled self-storage facility in the Portland-area community of Vancouver, WA, was acquired by Strategic Storage Trust VI Inc. The property was sold by an affiliate of Banner Real Estate Group.

Vancouver Self Storage was completed in February 2020 and features modern amenities users seek, including electronic access control, elevator access to upper floors, covered loading bay, 24-hour video surveillance and a retail-oriented customer service office.

Positioned on 1.14 acres at 16600 SE 18th St, Vancouver Self Storage is located within Vancouver’s highly desirable Fisher’s Landing East neighborhood 20 miles north of downtown Portland. The immediate area surrounding the property contains nearly 43% renter-occupied housing, and, as the No. 1 city for 20 to 30-year-olds per Movehub, Vancouver is one of the fastest growing cities in the U.S.

Brian Somoza, Steve Mellon, Christopher Ross and Ethan Goldberg with JLL Capital Markets represented the seller.

“The area’s high share of manufacturing and tech jobs have stayed strong throughout COVID and are continuing to see remarkable growth and expansion,” Somoza said. “Forbes named Vancouver the No. 17 fastest-growing U.S. city, and projects like the 32-acre Waterfront Park redevelopment, which is expected to bring more than 10,000 new jobs to the area, will only increase its appeal.”

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