SmartStop Self Storage REIT, Inc. Finds Premium Location in Ladera Ranch, California

admin December 23, 2024

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SmartStop Self Storage REIT, Inc. Finds Premium Location in Ladera Ranch, California

LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated company, is proud to announce the acquisition of a class A. self-storage facility in Ladera Ranch, California.

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The property consists of two-story buildings, three one-story buildings, and three stories within an adjacent four-story building, home to SmartStop’s corporate headquarters and the Ladera Sports Center. Comprising approximately 136,300 leasable square feet, the facility includes approximately 1,300 storage spaces and 18 RV storage spaces. Unit options include a mix of climate-controlled and non-climate-controlled drive units, as well as ultra-low-rise indoor units with climate-controlled and non-climate-controlled conditions, with easy elevator access. Additionally, the facility has solar power features and motion-sensing lights.

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The facility is located at 30 Terrace Road, in the heart of a thriving residential area in South Orange County, California. The site benefits from strong household incomes, 6.2% population growth within a three-mile radius over the next five years, and proximity to a dynamic retail center supported by nationally recognized brands. It is conveniently located for the nearby areas of Rancho Mission Viejo, Mission Viejo, Laguna Niguel, Coto De Caza, Trabuco Canyon and Galivan.

“This acquisition is an excellent opportunity for SmartStop to expand its presence in one of the most attractive markets in Southern California,” said Wayne Johnson, President of SmartStop. “The Ladera Ranch location embodies our commitment to investing in quality, well-located facilities in high-needs markets. We are excited to serve this growing community and provide unique storage solutions. “

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 525 self-storage professionals focused on growing the SmartStop® Self Storage product. SmartStop, through its subsidiary SmartStop REIT Advisors, LLC, also sponsors other savings plans. As of December 23, 2024, SmartStop has an owned or operated portfolio of 209 operating locations in 22 states, the District of Columbia, and Canada, comprising approximately 148,500 units and 16.7 million leasable square feet. SmartStop and its affiliates own or operate 38 self-storage locations in Canada, comprising approximately 32,900 units and 3.4 million leasable square feet. More information about SmartStop is available at www.smartstopselfstorage.com.

View the source version at businesswire.com: https://www.businesswire.com/news/home/20241223831810/en/

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