Strategic Storage Growth Trust II, Inc. Acquires 660-Unit Self Storage Facility in Seattle, Washington Suburb
SEATTLE (Nov. 21, 2019) – 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 660-unit self storage facility in Mill Creek, a suburb of Seattle, Washington.
“This highly visible facility is located near the intersection of Bothell-Everett Highway and 164th Street, adjacent to extensive retail services and restaurants,” said Wayne Johnson, chief investment officer. “We also have the opportunity to significantly expand the facility on the adjacent parcel and look forward to this being a valuable addition to our expanding portfolio.”
Located at 16618 Bothell Everett Highway, the facility is situated on 7.5 acres of land and comprises approximately 65,400 net rentable square feet of self storage units and six RV spaces. Completed in 2003, the property amenities include heated drive-up units, individual door alarms, and electronic keypad access.
This location offers convenient storage for a broad range of customers in the communities of Mill Creek, Martha Lake, Kennard Corner, Lynnwood, Paine Field-Lake Stickney, and Alderwood Manor. With excellent customer accessibility, this location is positioned south of the Mill Creek retail shops and immediately across from the Laurels at Mill Creek apartment complex.
More details of the facility can be found at:
About Strategic Storage Growth Trust II, Inc. (“SSGT II”):
SSGT II is a Maryland corporation that intends to qualify as a real estate investment trust for federal income tax purposes. SSGT II focuses on opportunistic self storage properties.
About SmartStop Self Storage REIT, Inc. (“SmartStop”)
SmartStop is a self-managed REIT with a fully integrated operations team of approximately 380 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs, including Strategic Storage Trust IV, Inc., a public non-traded REIT, and other private programs. SmartStop is the tenth-largest self storage company in the U.S., with approximately $1.5 billion of real estate assets under management, including 112 properties in 17 states and Toronto, Canada that are directly owned and managed by SmartStop, as well as a growing portfolio of 27 properties in 10 states and Toronto, Canada where SmartStop serves as the property manager for properties owned by its sponsored programs. In total, this portfolio comprises approximately 91,000 units and 10.4 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
SmartStop Asset Management, LLC
10 Terrace Rd.
Ladera Ranch, CA 92694
T: (949) 429.6600
F: (949) 429.6606