Jan 20 2016 | Article by: The DI Wire
Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, purchased a self storage facility in Lancaster, California for approximately $4.7 million.
The 10-building facility, which was built in 1991, is comprised of approximately 550 units totaling 71,900 rentable square feet. The property sits on approximately 4.8 acres and contains drive-up units, interior units and RV spaces. The occupancy rate is 88 percent.Go Back
Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.