Strategic Storage Trust VI, a REIT sponsored by SmartStop Self Storage, recently acquired two properties encompassing 1,900 units across two facilities in Vancouver, WA, and Bradenton, FL. The Vancouver facility, built in 2020, features primarily climate-controlled units, reflecting consumer demand for premium storage options, while the Florida deal strengthens the REIT’s footprint in the growing Sunbelt region. These deals highlight ongoing institutional interest in high-quality assets in strong demographic markets, reinforcing confidence in the sector’s long-term fundamentals and underscoring REITs’ continued pursuit of strategic growth opportunities.
Property: Self Storage Facility
Location: Vancouver, WA
Address: 16600 SE 18th Street, Vancouver, WA
Year Built: 2020
Bridge Loan: $13,000,000 (non-recourse bridge loan)
Finance: Britt Taylor, Eric Snyder, Ivan Viramontes, and Lauren Maehler of Talonvest Capital, Inc.
Buyer: Strategic Storage Trust VI, Inc. – a REIT sponsored by SmartStop Self Storage REIT, Inc.
NRSF: 99,800
Unit Count: 1,100 units (97% of which are climate-controlled)
Highlights:
- The loans provide the client with 5-year fixed-rate financing with two years of interest-only payments
Property: SmartStop Self Storage – Bradenton
Location: Bradenton, FL
Address: 6424 14th St. W., Bradenton, Florida
Bridge Loan: $9.12 Million
Finance: Talonvest Capital, Inc.
Buyer: Strategic Storage Trust VI, Inc. – a REIT sponsored by SmartStop Self Storage REIT, Inc.
NRSF: 64,400
Unit Count: 800 units
Highlights:
- The loan provides five-year fixed-rate financing with two years of interest-only payments
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