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Strategic Storage Growth Trust III (NYSE:SMA) has acquired a premium Class A self-storage facility in Vancouver, British Columbia. The five-level facility spans 52,400 net rentable square feet and features 790 climate-controlled interior units, 5 drive-up units, and 5 underground parking stalls.
Located at 1305 East 7th Avenue, the facility benefits from high visibility with 25,000 vehicles passing daily and serves multiple neighborhoods. The area shows strong demographics with projected population growth of 8% over five years. Notably, Vancouver's restrictive zoning policies limiting new self-storage development make this purpose-built asset particularly valuable in the market.
Strategic Storage Growth Trust III (SMA) has acquired a premium Class A self-storage facility in Houston, Texas. The newly acquired 10-story building, located at 3130 Southwest Freeway, offers 98,875 net rentable square feet with 789 interior climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults.
The facility is strategically positioned 3.5 miles southwest of downtown Houston, with high visibility along U.S. 69 highway that sees approximately 236,461 vehicles daily. The location serves several upscale neighborhoods and benefits from strong demographic indicators, including high household incomes and projected population growth of 8.2% over the next five years.
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