{"id":1004149819,"date":"2016-08-09T11:54:46","date_gmt":"2016-08-09T19:54:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149819"},"modified":"2021-05-14T21:13:27","modified_gmt":"2021-05-15T05:13:27","slug":"strategic-storage-trust-ii-acquires-las-vegas-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/","title":{"rendered":"Strategic Storage Trust II Acquires Las Vegas Facility"},"content":{"rendered":"

By Adriana Pop<\/em><\/p>\n

Las Vegas<\/strong>\u2014Strategic Storage Trust II<\/a>, which is sponsored by SmartStop Asset Management LLC<\/a>, has purchased a self-storage facility<\/a> in Las Vegas. The property is located at 590 E. Silverado Ranch Blvd.,\u00a0and consists of approximately 745 units across 90,000 rentable square feet.<\/p>\n

\"SST<\/a>

SST II Buys 590 E. Silverado Ranch Blvd., in Las Vegas<\/p><\/div>\n

“This facility is located in a densely populated market with excellent access,” Michael Schwartz, chairman & CEO of SST II, said in prepared remarks. “We look forward to providing Class A service to our tenants and customers.”<\/p>\n

Built in 2002, the four-building Las Vegas facility sits on approximately 3.45 acres. The facility offers climate-controlled units and drive-up units.<\/p>\n

“At 85 percent occupancy, this property is in good physical shape with upside remaining in both rents and occupancy,” added Wayne Johnson, chief investment officer for SST II.<\/p>\n

Recent Strategic Storage Trust II expansions include a 340-unit facility in downtown Sonoma<\/a>, Calif., as well as an 11-property portfolio<\/a> totaling approximately 9,540 units in Florida and Maryland.<\/p>\n

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

The 745-unit facility offers value-add opportunities in both rents and occupancy.<\/p>\n","protected":false},"author":260,"featured_media":1004149821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1593,21742,15],"tags":[],"class_list":["post-1004149819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-las-vegas","category-latest","category-west"],"acf":[],"yoast_head":"\nStrategic Storage Trust II Acquires Las Vegas 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-ii-acquires-las-vegas-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 II Acquires Las Vegas Facility\" \/>\n<meta property=\"og:description\" content=\"The 745-unit facility offers value-add opportunities in both rents and occupancy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-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=\"2016-08-09T19:54:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T05:13:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/SST-II-Las-Vegas.png\" \/>\n\t<meta property=\"og:image:width\" content=\"932\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/\",\"name\":\"Strategic Storage Trust II Acquires Las Vegas Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/SST-II-Las-Vegas.png\",\"datePublished\":\"2016-08-09T19:54:46+00:00\",\"dateModified\":\"2021-05-15T05:13:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-ii-acquires-las-vegas-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/SST-II-Las-Vegas.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/SST-II-Las-Vegas.png\",\"width\":932,\"height\":600,\"caption\":\"SST II Acquires 590 E. 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