California REIT buys Punta Gorda self-storage property

Seller had converted a former Walmart store to self-storage in 2018

  • By Kevin McQuaid
  • | 6:00 a.m. July 3, 2020
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
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A California-based affiliate of one of the largest self-storage real estate investment trusts in the U.S. has acquired a Punta Gorda storage property for $16.85 million, according to Charlotte County property records.

Strategic Storage Trust IV Inc., an affiliate of SmartShop Self Storage REIT Inc., bought the 800-unit property in mid-June.

 

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