{"id":1004137159,"date":"2016-02-15T08:40:54","date_gmt":"2016-02-15T16:40:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137159"},"modified":"2020-04-28T21:59:55","modified_gmt":"2020-04-29T05:59:55","slug":"strategic-storage-trust-ii-buys-canadian-portfolio-for-38m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\/","title":{"rendered":"Strategic Storage Trust II Buys Canadian Portfolio for $38M"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Toronto<\/strong>\u2013Strategic Storage Trust II<\/a>, which is sponsored by SmartStop Asset Management LLC<\/a>, has acquired three self-storage facilities in the Greater Toronto Area (GTA) for approximately $38.4 million ($53.1 million CAD).<\/p>\n

\"530<\/a>

530 Martin St. in Milton, Toronto<\/p><\/div>\n

The portfolio totals approximately 2,570 units and about 232,200 rentable square feet.<\/p>\n

“We are excited about our continued expansion into the GTA due to its strong demographics,” Michael Schwartz, chairman & CEO of SST II, said in prepared remarks. “We are seeking to acquire a portfolio of 100+ properties in the GTA among our affiliate companies over the next five years.”<\/p>\n

One of the properties is a 900-unit, two-story building located at 1207 Appleby Line in Burlington.\u00a0Developed in 2011, the facility offers approximately 79,700 rentable square feet and sits on approximately 3.5 acres.<\/p>\n

The second property is an 850-unit, two-story facility located at 530 Martin St. in Milton. The building was constructed in 2006 and offers approximately 70,100 rentable square feet and sits on approximately 1.96 acres.<\/p>\n

Completed in 2016, the third property is an 820-unit three-story building located at 2055 Cornwall Road in Oakville.\u00a0The facility offers approximately 82,400 rentable square feet and sits on approximately 3.51 acres.<\/p>\n

“These properties are well located in growing marketplaces,” added Wayne Johnson, CIO of SST II. “We look forward to providing excellent service to our customers in the GTA.”<\/p>\n

Image courtesy of Strategic Storage Trust II<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Strategic Storage Trust II is expanding in Canada with the acquisition of three self-storage facilities in the Greater Toronto Area. <\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,16,21783,21742],"tags":[],"class_list":["post-1004137159","post","type-post","status-publish","format-standard","hentry","category-deals","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"\nStrategic Storage Trust II Buys Canadian Portfolio for $38M - 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-ii-buys-canadian-portfolio-for-38m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Storage Trust II Buys Canadian Portfolio for $38M\" \/>\n<meta property=\"og:description\" content=\"Strategic Storage Trust II is expanding in Canada with the acquisition of three self-storage facilities in the Greater Toronto Area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\/\" \/>\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=\"2016-02-15T16:40:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T05:59:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/530-Martin-St.-in-Milton-Greater-Toronto.bmp\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\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-ii-buys-canadian-portfolio-for-38m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Strategic Storage Trust II Buys Canadian Portfolio for $38M\",\"datePublished\":\"2016-02-15T16:40:54+00:00\",\"dateModified\":\"2020-04-29T05:59:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\\\/\"},\"wordCount\":235,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/02\\\/530-Martin-St.-in-Milton-Greater-Toronto.bmp\",\"articleSection\":[\"Deals\",\"International\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strategic-storage-trust-ii-buys-canadian-portfolio-for-38m\\\/\",\"name\":\"Strategic Storage Trust II Buys Canadian Portfolio for $38M - 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