{"id":1004402801,"date":"2020-03-25T04:22:53","date_gmt":"2020-03-25T12:22:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004402801"},"modified":"2025-02-28T00:08:07","modified_gmt":"2025-02-28T08:08:07","slug":"strategic-storage-acquires-miami-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-acquires-miami-area-asset\/","title":{"rendered":"Strategic Storage Acquires Miami-Area Asset"},"content":{"rendered":"<div id=\"attachment_1004402807\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004402807\" data-attachment-id=\"1004402807\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-acquires-miami-area-asset\/1235-ne-12th-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg\" data-orig-size=\"1000,800\" 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=\"1235 NE 12th Ave\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1235 NE 12th Ave&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg?w=1000\" class=\"wp-image-1004402807 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/1235-NE-12th-Ave.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004402807\" class=\"wp-caption-text\">1235 NE 12th Ave.<\/p><\/div>\n<p>Strategic Storage Growth Trust II, a private trust affiliated with SmartStop Self Storage REIT, has acquired a 91,400-net-rentable-square-foot facility in Homestead, Fla. A joint venture between Angelo Gordon and Andover Properties sold the asset, according to public records.<\/p>\n<p>The seller acquired the land in 2017 for $1.2 million from a private investor. Subsequently, American Momentum Bank provided the partnership with a $5.9 million construction loan.<\/p>\n<p>Formerly named Storage King USA Self Storage, the new owner has rebranded the property as SmartStop Self Storage. Located on 3 acres at 1235 NE 12th Ave., the 970-unit property comprises four buildings completed in 2019. The facility features climate-controlled, drive-up access and interior units, as well as RV, auto and boat parking.&nbsp; Situated close to U.S. Route 1, the property is 32 miles southwest of Miami.<\/p>\n<p>In November 2019, Strategic Storage Trust IV <a href=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-trust-iv-buys-multi-state-portfolio\/\">acquired a four-property portfolio<\/a> totaling 326,000 square feet in Florida, North Carolina and Virginia. Eastdil Secured represented the seller, Taylor Theus Holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A partnership between Angelo Gordon and Andover Properties sold the 91,400-square-foot facility, public records show.<\/p>\n","protected":false},"author":867,"featured_media":1004402807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1492,21742],"tags":[42167,43448,34565],"class_list":["post-1004402801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-miami","category-latest","tag-andover-properties","tag-angelo-gordon","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 Acquires Miami-Area Asset - 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