June 24, 2020 Comments (0) Views: 548 Florida News, South Florida

Strategic Storage Trust IV Acquires 800-Unit Self-Storage Facility in Punta Gorda

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Public non-traded real estate investment trust Strategic Storage Trust IV has acquired Comfort Storage, an 800-unit self-storage facility in Punta Gorda for an undisclosed price.

Located at 3811 Tamiami Trail, the facility is comprised of approximately 106,000 net rentable square feet of space on eight acres of land. Built in September 2018, the self-storage facility includes an interior drive-thru, climate-controlled units, computerized keypad access, electronic locks, ground-level units, a video surveillance system and covered RV spaces.

“This facility was recently converted to self-storage and has a unique drive-thru lane that runs the entire length of the building providing tenants fully climate-controlled access to their units,” said Wayne Johnson, chief investment officer at SST IV. “We are pleased to further strengthen our portfolio of premier self-storage facilities with the addition of this Class A facility.”

Richard Riddle and Ryan Clark at SkyView Advisors represented the undisclosed seller in the transaction.

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