Strategic Storage Growth Trust III Expands Presence in Spartanburg County
Strategic Storage Growth Trust III, Inc. A private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has announced the acquisition of a three-property self-storage portfolio in Spartanburg County, South Carolina. This strategic transaction further strengthens SSGT III’s footprint in high-growth secondary markets and aligns with the company’s long-term investment strategy focused on high-quality, income-producing self-storage assets.
The newly acquired portfolio comprises approximately 179,900 net rentable square feet and includes around 1,580 individual storage units. The majority of the units are climate-controlled, reflecting growing consumer demand for temperature-regulated storage solutions. In addition, the portfolio offers approximately 120 parking spaces, enhancing the operational flexibility of the facilities and expanding their appeal to a broader customer base. The three properties were acquired through Delaware Statutory Trusts, a structure commonly used for institutional-grade real estate investments.
Strong Market Fundamentals in Spartanburg County
All three facilities are modern assets located in well-populated suburban trade areas across Spartanburg County. These locations benefit from strong household incomes, consistent traffic exposure, and favorable population growth trends. Spartanburg has experienced steady residential and economic expansion in recent years, driven by employment growth, new housing developments, and increased migration into the region. These factors have supported rising demand for self-storage, particularly in areas that balance suburban accessibility with proximity to commercial and residential centers.
The acquisitions position SSGT III to capitalize on these favorable market dynamics while providing high-quality storage solutions to a diverse range of communities throughout the county.
Boiling Springs Facility: High Visibility and Broad Reach
The first property in the portfolio is located at 112 McCullugh Road in Boiling Springs, South Carolina. This facility comprises approximately 53,500 net rentable square feet and includes 450 storage units along with 66 parking spaces. The asset offers a well-balanced mix of interior climate-controlled units and exterior drive-up units, catering to both residential and commercial storage needs.
One of the property’s key advantages is its strong visibility, with exposure to approximately 33,000 vehicles per day. This high traffic count enhances brand awareness and supports consistent customer demand. The Boiling Springs facility serves a wide range of surrounding residential communities, including Boiling Springs, Summit Brown Arrow, Fingerville, Mayo, Cherokee Springs, Whitney Heights, Converse, Drayton, Spartanburg, Valley Falls, Willow Wood, Woodfield, Inman, Inman Mills, Woodridge, and Woodfin. Its central location and accessibility make it a convenient storage option for a broad customer base.
East Main Street Facility: Infill Location Near Downtown
The second property is located at 899 E. Main Street in Spartanburg. This facility consists of five one-story buildings totaling approximately 50,300 net rentable square feet and 410 storage units. The unit mix includes both climate-controlled and exterior drive-up options, allowing the facility to serve a wide range of storage needs.
The East Main Street location benefits from its proximity to downtown Spartanburg and surrounding infill development. As redevelopment and residential density increase in urban and near-urban areas, demand for off-site storage tends to grow. This facility is well positioned to serve nearby neighborhoods such as Spartanburg, Summit Hills, Zion Hill, Hillbrook, Fernwood, Hillcrest, Converse, Clifton, Glendale, Beaumont Village, Whitney, Whitney Heights, and Drayton. Its infill location provides convenience for residents and small businesses seeking accessible storage close to the city core.
John B. White Sr. Boulevard Facility: Modern, Climate-Controlled Design
The third property in the portfolio is located at 1640 John B. White Sr. Boulevard and features a modern three-story building. This facility offers approximately 76,100 net rentable square feet, 720 climate-controlled storage units, and 55 parking spaces. The fully climate-controlled design reflects evolving customer preferences and supports higher-value storage use cases, including long-term residential storage and business inventory.
This facility serves a wide range of surrounding neighborhoods, including Spartanburg, Arcadia, Saxon, Woodland Heights, Windsor Forest, Woodwind, Arkwright, Roebuck, Ashley, West Forest, Angelwood, Fairmont Hills, and Camelot. Its contemporary construction and efficient layout position it as a premium storage option within the local market.
Advancing SSGT III’s Investment Strategy
“These acquisitions advance SSGT III’s strategy of investing in high-quality self-storage assets in attractive secondary markets,” said H. Michael Schwartz, Chief Executive Officer of SSGT III. “Spartanburg benefits from strong demographic growth, expanding residential development, and favorable demand drivers, positioning this portfolio for continued operational performance and long-term value creation.”
The Spartanburg portfolio aligns with SSGT III’s broader investment approach, which emphasizes disciplined market selection, modern facility design, and locations supported by long-term demographic and economic trends. By focusing on properties with strong fundamentals and operational upside, the company aims to deliver stable cash flow and sustainable growth for investors.
With this acquisition, SSGT III continues to build a diversified portfolio of self-storage assets across growing U.S. markets. The Spartanburg County facilities enhance the trust’s presence in South Carolina and reinforce its commitment to acquiring assets that combine location quality, modern amenities, and strong demand characteristics.
As population growth and housing development continue across secondary markets, self-storage remains a resilient real estate sector. SSGT III’s latest acquisition underscores its confidence in the Spartanburg market and its long-term outlook for self-storage as a compelling investment class.
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