Strategic Storage Trust buys Mesa facility

Strategic Storage Trust Inc., a California real estate investment trust, has acquired a 570-unit self-storage facility in Mesa. Augusta Ranch Self Storage, 9252 E. Guadalupe Road, was developed in 2002 and contains 75,600 rentable square feet in six single-story buildings. The business will be renamed under Strategic Storage�s SmartStop brand. Financial details of the transaction were not released. �We plan to continue acquiring self storage opportunities in Phoenix and other major markets throughout the country,� said Wayne Johnson, senior vice president of acquisitions for Strategic Storage. Since SSTI�s launch two years ago, its portfolio has expanded to include 30 properties in 14 states. The publicly registered, non-traded REIT owns about 20,000 self storage units.

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