SmartStop Self Storage REIT, Inc. Acquires Self Storage Facility in Riverside, California

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LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Firm”), a self-managed and totally built-in self storage firm with roughly $1.7 billion of self storage belongings underneath administration, at present introduced the acquisition of a self storage facility in Riverside, CA. The ability is the Firm’s third within the submarket. That is SmartStop’s twenty ninth owned or managed location in California and 154th in North America.

The ability is positioned at 6637 Van Buren Boulevard in Riverside, CA, essentially the most populous metropolis in Southern California’s “Inland Empire.” This prime location has nice visibility from Van Buren Highway and offers quick access from the Riverside Freeway. The ability serves the communities of La Sierra, Corona, Eastvale, Ramona, and Jurupa Valley and is positioned subsequent to Riverside Municipal Airport. The property’s 379 models and 71 RV parking areas span throughout roughly 69,800 sq. toes. The property affords clients quite a lot of facilities together with a gated drive-in loading space, state-of-the-art safety methods, keypad entry and huge truck accessibility.

“This can be a super asset in an undersupplied submarket with a dense and fast-growing inhabitants,” mentioned Wayne Johnson, President & Chief Funding Officer of SmartStop. “We’re intimately acquainted with the Riverside market, which is a brief experience from our Ladera Ranch Company workplace. With an RV parking element, this new facility affords clients a complementary product sort from our two neighboring SmartStop services, which we count on to offer sizable working synergies.”

About SmartStop Self Storage REIT, Inc. (SmartStop)

SmartStop is a self-managed REIT with a completely built-in operations crew of roughly 400 self storage professionals centered on rising the SmartStop® Self Storage model. SmartStop, by way of its oblique subsidiary SmartStop REIT Advisors, LLC, additionally sponsors different self storage packages. SmartStop is the tenth-largest self storage firm within the U.S., with roughly $1.7 billion of actual property belongings underneath administration, together with an owned and managed portfolio of 154 properties in 19 states and Ontario, Canada, and comprising roughly 104,000 models and 11.8 million rentable sq. toes. SmartStop and its associates personal or handle 17 working self storage properties in Ontario, Canada, which complete roughly 14,300 models and 1.5 million rentable sq. toes. Further data concerning SmartStop is accessible at www.smartstopselfstorage.com.