Strategic Storage Growth Trust III, Inc. Acquires Five Self-Storage Facilities Across Florida, Texas, and Arizona

By: Strategic Storage Growth Trust III, Inc. via Business Wire

February 21, 2025 at 16:19 PM EST

Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of five premier self-storage facilities across Florida, Texas, and Arizona. The properties sit in well-populated, high-growth suburban areas with strong median household incomes and significant daily traffic counts. These five properties were acquired by SSGT III in Delaware Statutory Trusts.

The Florida properties are located in Longwood and Orlando. Located at 460 Florida Central Parkway in Longwood, the property spans approximately 68,800 net rentable square feet. It offers ground-level drive-up and climate-controlled units across eight single-story buildings, comprising approximately 560 units. The facility is well-positioned to serve the communities of Rolling Hills, The Woodlands, Sabal Point, The Springs, Hidden Oak Estates, and Longwood Club. The Orlando facility is located at 6707 Narcoossee Road. The property spans approximately 101,000 net rentable square feet. It offers ground-level drive-up and climate-controlled units across four single-story buildings, comprising approximately 690 units. The facility is well-positioned to serve the neighborhoods of Lake Nona, Village Walk, Summerdale Park, Somerset Park, and Somerset Crossings.

The Texas properties are located in Corinth and Pasadena. Situated at 3701 FM Road 2181 in Corinth, the property encompasses approximately 98,100 net rentable square feet. It features 17 single-story and two two-story buildings, offering approximately 770 units. The location benefits from its proximity to approximately 300 multifamily units within one block. It serves the neighborhoods of Oakmont Estates, Lake Sharon Estates, Meadow Oaks, Kensington Estates, Cypress Point Estates, and The Bluffs at Pinnell Pointe. The Pasadena property is located at 7905 Spencer Highway. It spans approximately 150,000 net rentable square feet and features five single-story buildings comprising approximately 860 storage units and 80 RV units. The property’s ideal location serves the communities of Spencer Highway Gardens, South Pasadena Plaza, Clear Lake, Deer Park Gardens, Parkview South, and Brookwood.

The Arizona facility is located at 4860 N 83rd Ave in Phoenix. The property consists of one two-story building and four single-story buildings, totaling approximately 82,600 net rentable square feet. Offering both drive-up and climate-controlled units, the facility houses approximately 730 units. It serves the surrounding neighborhoods of Maryvale, West Plaza, Camelback Ranch, Glendale, Peoria, and Avondale.

“This acquisition underscores our unwavering commitment to strategically investing in high quality, cash flowing self-storage assets within dynamic and rapidly growing markets,” said H. Michael Schwartz, CEO and President of SSGT III. “By targeting properties in areas with robust economic expansion and favorable demographic trends, we are strengthening our market presence while delivering superior storage solutions that cater to the evolving needs of these thriving communities.”

About Strategic Storage Growth Trust III, Inc. (SSGT III):

SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of February 20, 2025, SSGT III has a portfolio of eleven operating properties in the United States, comprising approximately 8,850 units and 1,056,900 net rentable square feet; four operating properties in Canada, comprising approximately 2,380 units and 272,800 net rentable square feet; and joint venture interests in two developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 560 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. As of February 20, 2025, SmartStop has an owned or managed portfolio of 217 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 155,700 units and 17.5 million rentable square feet. SmartStop and its affiliates own or manage 39 operating self-storage properties in Canada, which total approximately 33,600 units and 3.4 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com