{"id":1004170183,"date":"2017-03-27T04:17:16","date_gmt":"2017-03-27T12:17:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170183"},"modified":"2022-12-08T18:35:06","modified_gmt":"2022-12-09T02:35:06","slug":"strategic-storage-buys-900-unit-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-buys-900-unit-facility\/","title":{"rendered":"Strategic Storage Buys 900-Unit Facility"},"content":{"rendered":"<p>By Ariela Moraru<\/p>\n<div id=\"attachment_1004170184\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004170184\" data-attachment-id=\"1004170184\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-buys-900-unit-facility\/12321-western-ave-garden-grove-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg\" data-orig-size=\"1326,973\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"12321 Western Ave. Garden Grove Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;12321 Western Ave., Garden Grove, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg?w=1024\" class=\"wp-image-1004170184 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg\" alt=\"12321 Western Ave., Garden Grove, Calif.\" width=\"300\" height=\"220\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg 1326w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg?resize=300,220 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg?resize=768,564 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/12321-Western-Ave.-Garden-Grove-Calif.-e1490282529149.jpg?resize=1024,751 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004170184\" class=\"wp-caption-text\">12321 Western Ave., Garden Grove, Calif.<\/p><\/div>\n<p><strong>Los Angeles<\/strong>\u2014Strategic Storage Growth Trust Inc. has purchased a newly converted, 900-unit self-storage facility in Garden Grove, Calif., for $18.4 million. The new owner is\u00a0a public, non-traded REIT sponsored by SmartStop Asset Management LLC and has a portfolio encompassing\u00a011,000 self-storage units across\u00a0approximately 1.3 million net rentable square feet.<\/p>\n<p>Located at 12321 Western Ave., the approximately 3-acre property that opened in March includes roughly 95,000 rentable square feet and 59 RV storage spaces. The asset offers\u00a0easy access to interstates 5, 405 and 605.<\/p>\n<p>&#8220;This self-storage facility is well located in a highly populated urban area that we believe has a consistent demand for storage space,&#8221; said Chairman &amp; CEO H. Michael Schwartz in prepared remarks.<\/p>\n<p><em>Image via Google Earth<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Garden Grove property offers roughly 95,000 rentable square feet and 59 RV storage spaces.<\/p>\n","protected":false},"author":960,"featured_media":1004508291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,15],"tags":[34565],"class_list":["post-1004170183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-west","tag-strategic-storage-growth-trust-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategic Storage Buys 900-Unit Facility - 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