M&A
confidence high
sentiment positive
materiality 0.50
SST VI acquires 132K sq ft self storage facility in Cambridge, Ontario, Canada
Strategic Storage Trust VI, Inc.
- ~132,000 sq ft facility with ~930 interior climate-controlled units and ~320 RV/parking spaces.
- Located at 111 Savage Drive, Cambridge, Ontario; largest self storage facility in the trade area.
- Converted to self storage from 2019-2022; over 5,000 new residential units planned nearby.
- CEO H. Michael Schwartz highlighted potential for stockholder value and community growth.
- Acquisition price not disclosed.