TEXAS CITY – Strategic Storage Trust IV Inc. (SST IV) purchased a 480-unit self-storage facility near Galveston.
The purchase price for the Texas City Property was approximately $8 million, plus closing and acquisition costs, according to SEC filings.
Constructed in 2010, the approximately 80,000-sf facility is situated on 10.49 acres at 3730 Emmett F. Lowry Expressway in Texas City.
The facility features climate-controlled interiors and drive-up access and is 94.8 percent leased.
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