Strategic Storage Trust acquires two self storage facilities in Montgomery and Phoenix, US

Strategic Storage Trust, Inc., a US-based REIT firm focused on the self storage industry, has acquired two facilities located in Montgomery, Alabama and Phoenix, Arizona, US, for a combined price of $5.8 million.

The first facility was approximately 600-unit in Montgomery, Alabama, US, property is located at 6010 Monticello Drive just six miles east of downtown.

The second facility was approximately 520-unit Phoenix, Arizona, US, property is located at 727 West Missouri Avenue just six miles northwest of the central business corridor.

Deal Value (US$ Million) 5.8
Deal Type                Acquisition
Sub-Category             Asset Purchase
Deal Status              Completed: 2009-09-10

Deal Participants

Target 1 (Company) Undisclosed Company - Self Storage Facility - Montgomery, Alabama, US
Target 2 (Company) Undisclosed Company - Self Storage Facility - Phoenix, Arizona, US
Acquirer (Company) Strategic Storage Trust, Inc.

Related terms: acquisition, alabama, business, reit