Strategic Storage Trust VI, Inc Acquires Self Storage Portfolio In Newark, DE & Levittown, PA For $165M

The sale of a self storage property located at 401 Bellevue Road and 1723 Woodbourne Road in Newark, DE and Levittown, PA has been completed. The property consists of 1,640 units with a price per unit (PPU) of approximately $100,610. The total square footage of the property is 158,650 with a price per square foot (PPSF) of $1,040. The transaction was finalized on April 26, 2022, with a sale price of $165,000,000.

Summary of transation details

• Property Type: Self Storage
• Transaction Amount: $165,000,000
• Units: 1,640
• PPU: $100,610
• Square Footage: 158,650
• PPSF: $1,040
• Address: 401 Bellevue Road, Newark, DE & 1723 Woodbourne Road, Levittown, PA
• Buyer: Strategic Storage Trust VI, Inc - Wayne Johnson

The buyer in this transaction is Strategic Storage Trust VI, Inc, represented by Wayne Johnson. The deal represents a significant investment in the self storage market, further solidifying the company's presence in the industry. With the acquisition of this property, Strategic Storage Trust VI, Inc continues to expand its portfolio and address the growing demand for self storage units in the Newark, DE and Levittown, PA markets.