Strategic Storage Growth Trust III Acquires Self Storage Facility In Tamarac For $19.5M

Strategic Storage Growth Trust III (SSGT) has acquired a self storage facility in Tamarac, Florida. The property, located at 8251 West McNab Road, spans a total of 69,000 square feet and offers 760 storage units. The sale price for this transaction was $19,500,000, resulting in an average price per unit of $25,658 and a price per square foot of $283. This storage facility is situated in a prime location within a rapidly growing area, experiencing strong seasonal demand. The acquisition aligns with SSGT III's strategic approach to buying properties in promising markets.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $19,500,000
• Units: 760
• Price per Unit: $25,658
• Square Footage: 69,000
• Price per Square Foot: $283
• Address: 8251 West McNab Road
• Market: Tamarac

In this deal, the buyer, Strategic Storage Growth Trust III (SSGT), was represented by Michael Schwartz. On the other side, Blue Vista Capital Management, represented by Robert G. Byron, and Southwestern Property Corp, represented by Mark D. Campbell, acted as the sellers. These key individuals played crucial roles in completing the transaction, ensuring a successful transfer of ownership for the self storage property in Tamarac.