{"id":1004092743,"date":"2014-03-16T15:08:20","date_gmt":"2014-03-16T23:08:20","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=246658"},"modified":"2020-04-28T22:16:22","modified_gmt":"2020-04-29T06:16:22","slug":"strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\/","title":{"rendered":"Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/googlemap.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-246672\" title=\"GreenCourtRendering.jpg\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/googlemap.jpg\" alt=\"\" width=\"300\" height=\"216\" \/><\/a>Strategic Storage Trust Inc. has paid approximately $6.7 million for a 500-unit self-storage facility at 1343 Big Bethel Road. It is the non-traded REIT\u2019s second acquisition in the area.<\/p>\n<p style=\"text-align: justify;\">The property was constructed in 2007, on a 10.1 acre site, and consists of four single-story buildings offering 71,500 square feet of storage space. About 50% of the units are climate controlled. The rest are drive-up non-climate-controlled units. In a press release, Strategic Storage Trust said the new facility was 90% occupied at the time of the acquisition, and that it will be re-branded under the SmartStop Self Storage trade name.<\/p>\n<p style=\"text-align: justify;\">&#8220;We acquired this facility for its newer construction and due to the growing military market in Hampton,&#8221; said H. Michael Schwartz, chairman and CEO of Strategic Storage Trust, in a statement.\u00a0&#8221;This acquisition is a perfect complement to our other multi-story self-storage building located five miles away in Hampton.&#8221;<\/p>\n<p style=\"text-align: justify;\">Since its launch in 2008, Strategic Storage Trust has acquired 123 properties in 17 states and Canada. Its portfolio includes about 78,000 self-storage units and 10.3 million square feet of storage space. In Virginia, the company now owns six facilities with 3,800 units and 415,000 square feet of space.<\/p>\n<p style=\"text-align: justify;\">Strategic Storage Trust&#8217;s Virginia portfolio also includes:<\/p>\n<ul style=\"text-align: justify;\">\n<li>LaSalle Avenue in Hampton\u00a0(640 units, 70,100 square feet of storage space);<\/li>\n<li>Lee Road in Chantilly (860\u00a0units\/83,400 square feet);<\/li>\n<li>Williamsburg Road in\u00a0Sandston (675 units\/78,000 square feet);<\/li>\n<li>Plank Road in Fredericksburg\u00a0(610 units\/59,600 square feet);<\/li>\n<li>Colonial Court in Manassas\u00a0(495 units\/52,800 square feet).<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/maps.google.com\/\" target=\"_blank\" rel=\"nofollow\"><em>Google Maps<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A self-storage facility located in Hampton, Va. has recently changed hands. Strategic Storage Trust, Inc. (SSTI) has paid approximately $6.7 million for the property at 1343 Big Bethel Road. It is the publicly registered non-traded REIT&rsquo;s second acquisition in the area.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,36153],"tags":[3457,3452],"class_list":["post-1004092743","post","type-post","status-publish","format-standard","hentry","category-latest","category-richmond-hampton-roads","tag-hampton-roads","tag-richmond"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility\" \/>\n<meta property=\"og:description\" content=\"A self-storage facility located in Hampton, Va. has recently changed hands. Strategic Storage Trust, Inc. (SSTI) has paid approximately $6.7 million for the property at 1343 Big Bethel Road. It is the publicly registered non-traded REIT&rsquo;s second acquisition in the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-16T23:08:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T06:16:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/googlemap.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility\",\"datePublished\":\"2014-03-16T23:08:20+00:00\",\"dateModified\":\"2020-04-29T06:16:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/03\\\/googlemap.jpg\",\"keywords\":[\"Hampton Roads (No longer used)\",\"Richmond\"],\"articleSection\":[\"News\",\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-pays-6-7m-for-hampton-self-storage-facility\\\/\",\"name\":\"Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility - 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