SSGT III Acquires Five Self-Storage Facilities in FL, TX, and AZ
Strategic Storage Growth Trust III, Inc. a private real estate investment trust (REIT) sponsored by an affiliate of SmartStop Self Storage REIT, Inc. has acquired five high-quality self-storage facilities located in Florida, Texas, and Arizona. These properties are strategically positioned in fast-growing suburban areas with strong median household incomes and significant daily traffic. The acquisitions were made through Delaware Statutory Trusts (DSTs), further expanding SSGT III’s footprint in key markets.
Florida Facilities
SSGT III’s new properties in Florida are situated in Longwood and Orlando, serving vibrant residential communities. The Longwood facility, located at 460 Florida Central Parkway, offers approximately 68,800 net rentable square feet across eight single-story buildings. With around 560 units featuring ground-level drive-up access and climate-controlled options, the facility caters to neighborhoods such as Rolling Hills, The Woodlands, Sabal Point, The Springs, Hidden Oak Estates, and Longwood Club.
In Orlando, the facility at 6707 Narcoossee Road spans approximately 101,000 net rentable square feet across four single-story buildings. It provides about 690 units with ground-level drive-up and climate-controlled options, serving Lake Nona, Village Walk, Summerdale Park, Somerset Park, and Somerset Crossings.
Texas Facilities
The Texas acquisitions are located in Corinth and Pasadena. The Corinth property, at 3701 FM Road 2181, features approximately 98,100 net rentable square feet within 17 single-story and two two-story buildings. With around 770 units, it benefits from proximity to approximately 300 multifamily units within a block and serves Oakmont Estates, Lake Sharon Estates, Meadow Oaks, Kensington Estates, Cypress Point Estates, and The Bluffs at Pinnell Pointe.
The Pasadena facility, located at 7905 Spencer Highway, spans approximately 150,000 net rentable square feet across five single-story buildings. It offers about 860 traditional storage units and 80 RV units, meeting the needs of residents in Spencer Highway Gardens, South Pasadena Plaza, Clear Lake, Deer Park Gardens, Parkview South, and Brookwood.
Arizona Facility
In Arizona, SSGT III acquired a facility at 4860 N 83rd Ave in Phoenix. This property includes one two-story building and four single-story buildings, totaling approximately 82,600 net rentable square feet. With approximately 730 units featuring drive-up and climate-controlled options, the facility serves the neighborhoods of Maryvale, West Plaza, Camelback Ranch, Glendale, Peoria, and Avondale.
Strategic Growth and Market Positioning
“This acquisition underscores our unwavering commitment to strategically investing in high-quality, cash-flowing self-storage assets within dynamic and rapidly growing markets,” said H. Michael Schwartz, CEO and President of SSGT III. “By targeting properties in areas with robust economic expansion and favorable demographic trends, we are strengthening our market presence while delivering superior storage solutions that cater to the evolving needs of these thriving communities.”
About SmartStop Self Storage REIT, Inc. (SmartStop)
SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of approximately 560 professionals dedicated to growing the SmartStop® Self Storage brand. Through its indirect subsidiary, SmartStop REIT Advisors, LLC, the company sponsors various self-storage investment programs. As of February 20, 2025, SmartStop’s portfolio includes 217 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 155,700 units and 17.5 million rentable square feet. Its Canadian holdings include 39 operational properties with about 33,600 units and 3.4 million rentable square feet.
With this strategic acquisition of five premier facilities, SSGT III continues to strengthen its presence in key growth markets, providing modern, secure storage solutions to meet the evolving needs of both residential and commercial customers.
About Strategic Storage Growth Trust III, Inc. (SSGT III)
SSGT III is a Maryland corporation that qualifies as a REIT for federal income tax purposes. Its primary investment strategy focuses on growth-oriented self-storage facilities and related real estate investments in the United States and Canada. As of February 20, 2025, SSGT III owns eleven operational properties in the United States, comprising approximately 8,850 units and 1,056,900 net rentable square feet. Additionally, it owns four operational properties in Canada, with about 2,380 units and 272,800 net rentable square feet, and holds joint venture interests in two developments in Québec and British Columbia. Through a subsidiary, SSGT III sponsors a DST that owns two operational properties in the United States, totaling around 1,040 units and 123,000 net rentable square feet.
