Strategic Storage Growth Trust II, Inc. Acquires Newly Constructed 770-Unit Self Storage Facility in Milwaukee
August 19, 2019 | Strategic Storage Growth Trust II, Inc. | Prnewswire.com
Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by an indirect subsidiary of SmartStop Self Storage REIT, Inc., announced today its acquisition of a newly constructed approximately 770-unit self storage facility in Milwaukee, Wisconsin.
“We expect this self storage facility to satisfy significant demand with its exceptional location on Capitol Drive, a major thoroughfare in the area, and its new high-quality construction,” said Wayne Johnson, chief investment officer. “We have acquired the property in a Certificate of Occupancy transaction, which aligns well with our strategy to focus on opportunistic self storage properties, and we believe it is well-suited for our portfolio.”
Located at 3420 W. Capitol Drive, the facility is situated on 3.95 acres of land and is comprised of approximately 83,000 rentable square feet. Property amenities include drive-up units, climate-controlled units, a covered loading area and gate access.
