The facility comprises 46,932 net rentable square feet in 388 traditional units and four parking spaces
October 25, 2017: Headquartered in Greenwood, Colo., National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired Security Storage in Hollywood, Md.
The facility offers U-Haul truck rentals and has a resident manager. Security features include gated access and video cameras, according to the property website. It serves a population of 15,369 within a three-mile radius and 34,374 within five miles.
The seller was represented in the transaction by Ryan Clark, director of investment sales at SkyView, a boutique firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales. Based in Tampa, Fla., the firm also has offices in Cleveland and Milwaukee.
NSAT is a self-administered and -managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas throughout the United States.