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HAMPTON, VA–(Marketwired – Mar 10, 2014) – Strategic Accumulator Trust, Inc. (SSTI) — a about registered non-traded REIT advance in cocky accumulator — afresh purchased a 500-unit, four architecture self-storage ability amid at 1343 Big Bethel Road in Hampton, Va., for about $6.7 million. The 71,500 NRSF ability will be re-branded beneath the SmartStop® Cocky Accumulator barter name.
“We acquired this ability for its newer architecture and due to the growing aggressive bazaar in Hampton,” said H. Michael Schwartz, administrator and CEO of SSTI. “This accretion is a absolute accompaniment to our added multi-story self-storage architecture amid bristles afar abroad in Hampton.”
Built in 2007 and 90 percent active at acquisition, the Hampton ability