Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 490-unit self storage facility in St. Johns, Florida. This is the 14th acquisition in SST VI and its first acquisition in the Greater Jacksonville Market. Since SST VI launched as a private REIT in the first quarter of 2021, the REIT has purchased approximately $205 million of self storage facilities and properties to be developed into self storage.
Located at 10030 Ew Pappy Road, the facility includes two, two-story buildings and a detached two-story leasing office. It features approximately 60,000 square feet of rental space with a mix of interior climate-controlled units, exterior drive-up units and outdoor RV parking. The property is easily accessible from Highway 210 and is situated less than two miles from the new master-planned communities of Beacon Lake and Beachwalk.
“This acquisition represents an excellent opportunity for SST VI to enter a high-growth, high-income pocket of the Jacksonville MSA and further expand SST VI’s portfolio presence in Florida,” said Wayne Johnson, Chief Investment Officer of SST VI. “We are excited to have this opportunity to serve the residents of St. Johns.”