Strategic Storage Trust II Buys Third Las Vegas Facility

The property at 6318 W. Sahara Ave. consists of 640 units across approximately 82,200 rentable square feet.

By Adriana Pop

Las VegasStrategic Storage Trust II, which is sponsored by SmartStop Asset Management LLC, has acquired a self-storage facility at 6318 W. Sahara Ave. in Las Vegas.

6318 West Sahara Ave. Las Vegas
6318 West Sahara Ave. in Las Vegas

The property encompasses 640 units across approximately 82,200 rentable square feet. Its former owner was Pegasus Group, according to Yardi Matrix.

“Our current portfolio now includes a total of three Las Vegas facilities,” Michael Schwartz, chairman & CEO of SST II, said in prepared remarks. “This prime 93 percent occupied facility is located on the highly trafficked Sahara Boulevard with excellent signage.”

The nine-building facility was built in 1989 and lies on approximately 4 acres. The property offers climate-controlled and drive-up units.

“We are looking forward to improving this facility’s performance, while offering top customer service,” added Wayne Johnson, CIO for SST II.

Earlier in September, SST II announced the acquisition of another Las Vegas self-storage facility at 9890 Pollock Drive. The property consists of 810 units across approximately 101,400 rentable square feet.

Image courtesy of Strategic Storage Trust II