Strategic Storage Growth Trust III, Inc. (“SSGT III”),a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of a Class A self-storage facility in Houston, Texas.
Located at 3130 Southwest Freeway, the newly acquired facility offers approximately 98,875 net rentable square feet in a 10-story building. This upscale facility features approximately 789 interior, climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults. Positioned in an upscale area just 3.5 miles southwest of downtown Houston, it boasts prominent visibility along the U.S. 69 highway, which experiences approximately 236,461 vehicles daily.
The area within a three-mile radius boasts substantial household incomes and anticipates population growth of 8.2% over the next five years. This facility will serve the neighborhoods of Montrose, Upper Kirby, Midtown, Museum District, West University Place, and Greenway/Upper Greenway.
“This acquisition marks a strategic step forward in expanding our footprint into one of the nation’s most dynamic and growing metropolitan areas,” said H. Michael Schwartz, CEO of SSGT III. “This Class A facility enhances our portfolio with its prime location, modern features, and specialized offerings. We are confident it will meet the evolving needs of residents and businesses in the area while creating long-term value for our investors.”
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