November 12, 2018
Strategic Storage Trust IV added to its growing portfolio of Texas properties by acquiring a 540-unit self-storage facility at 8415 Queenston Blvd. on Houston’s northwest side. The acquisition took place less than a month after the Ladera Ranch, CA-based private REIT bought a six-property self-storage portfolio in Houston and College Station, TX. Strategic Storage Trust will continue to expand in the Houston area, according to the company’s Wayne Johnson.
Strategic Storage acquired the asset from Metro Mini Storage Queenston Ltd. of Cypress, TX. The property opened in 2007, and is situated on 3.7 acres. The facility was approximately 91% leased at the time of acquisition. Nick Walker and John Fenoglio with CBRE negotiated the transaction.
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