SmartStop Self Storage REIT has acquired a self-storage facility at 6637 Van Buren Boulevard in Riverside, California. The facility is the company’s third in the submarket. This is SmartStop’s 29th owned or managed location in California and 154th in North America.
The facility serves the communities of La Sierra, Corona, Eastvale, Ramona and Jurupa Valley and is located next to Riverside Municipal Airport.
“This is a tremendous asset in an undersupplied submarket with a dense and fast-growing population,” said Wayne Johnson, president and chief investment officer of SmartStop. “We are intimately familiar with the Riverside market, which is a short ride from our Ladera Ranch Corporate office. With an RV parking component, this new facility offers customers a complementary product type from our two neighboring SmartStop facilities, which we expect to provide sizable operating synergies.”
The property’s 379 units and 71 RV parking spaces span across approximately 69,800 square feet. The property offers customers a variety of amenities including a gated drive-in loading area, state-of-the-art security systems, keypad access and large truck accessibility.