July 31, 2019
Strategic Storage Trust IV, Inc. acquired a 350-unit self-storage facility in Redmond, WA. Located at 23316 Redmond-Fall City Road NE, the gated-entry property features drive-up units, heated units, and 24/7 video surveillance.
Constructed in 1997, the facility is comprised of approximately 48,000 net rentable square feet.
Strategic Storage Trust’s Wayne Johnson says, “The facility has an irreplaceable location. Redmond has a high quality of life, with wealthy income levels and a diverse job base.”
SST IV is a public non-traded REIT that focuses on the acquisition of stabilized and growth self-storage properties. SST IV owns 17 self-storage facilities comprising approximately 11,500 self-storage units.
For comments, questions or concerns, please contact Dennis Kaiser