{"id":1004457955,"date":"2020-06-23T05:31:51","date_gmt":"2020-06-23T13:31:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004457955"},"modified":"2025-02-27T01:07:48","modified_gmt":"2025-02-27T09:07:48","slug":"strategic-storage-grows-southwest-florida-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/","title":{"rendered":"Strategic Storage Grows Southwest Florida Portfolio"},"content":{"rendered":"<div id=\"attachment_1004457958\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004457958\" data-attachment-id=\"1004457958\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/3811-tamiami-trail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\" data-orig-size=\"800,620\" 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=\"3811 Tamiami Trail\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3811 Tamiami Trail. &lt;i&gt;Image via Google Street View&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg?w=800\" class=\"wp-image-1004457958 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004457958\" class=\"wp-caption-text\">3811 Tamiami Trail. <i>Image via Google Street View<\/i><\/p><\/div>\n<p>Strategic Storage Trust IV, a private trust affiliated with SmartStop Self Storage REIT, has purchased a 106,000-net-rentable-square-foot self storage property in Punta Gorda, Fla. A private investor sold the asset, according to Yardi Matrix.<\/p>\n<p>The building last changed hands in 2017 for $4.3 million. The then-owner used a $5.2 million acquisition and development loan from First Bank Financial Centre for the adaptive reuse project, which transformed the 1992-built retail property into an 800-unit self storage facility.<\/p>\n<p>Located on 8 acres at 3811 Tamiami Trail, the two-story building has climate-controlled units ranging from 35 to 300 square feet. The property features an on-site manager, interior drive-thru, security cameras, digital locks and covered RV parking. There are at least four other self storage facilities within a 3-mile radius. Additionally, the building is 3 miles from downtown Punta Gorda.<\/p>\n<p>Skyview Advisors Senior Vice President Richard Riddle negotiated the deal on behalf of the seller.<\/p>\n<p>In March, Strategic Storage Growth Trust II <a href=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-acquires-miami-area-asset\/\">completed the $14.4 million acquisition<\/a> of a 91,400-net-rentable-square-foot facility in Homestead, Fla. A partnership between Andover Properties and Angelo Gordon sold the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Originally built in 1992 as a retail property, the facility was recently converted into self storage space.<\/p>\n","protected":false},"author":867,"featured_media":1004457958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742],"tags":[39292,41297],"class_list":["post-1004457955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","tag-smartstop-self-storage","tag-strategic-storage-trust-iv"],"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 Grows Southwest Florida Portfolio - 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-grows-southwest-florida-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Storage Grows Southwest Florida Portfolio\" \/>\n<meta property=\"og:description\" content=\"Originally built in 1992 as a retail property, the facility was recently converted into self storage space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/\" \/>\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=\"2020-06-23T13:31:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T09:07:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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-grows-southwest-florida-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/\",\"name\":\"Strategic Storage Grows Southwest Florida Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\",\"datePublished\":\"2020-06-23T13:31:51+00:00\",\"dateModified\":\"2025-02-27T09:07:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-grows-southwest-florida-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/3811-Tamiami-Trail.jpg\",\"width\":800,\"height\":620,\"caption\":\"3811 Tamiami Trail. 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