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PRESS RELEASE: Strategic Storage Trust, Inc. Acquires Fourth Charleston Facility for Approximately $6.6 Million

CHARLESTON, S.C. – Strategic Storage Trust, Inc. (SSTI) – a publicly registered non-traded REIT investing in self storage – has purchased an approximately 97,000 square foot, 630-unit self-storage facility located at 8550 Rivers Avenue in North Charleston, S.C. for approximately $6.6 million. This is SSTI’s fourth Charleston self-storage acquisition, which brings the total number of units owned by SSTI in Charleston to approximately 2,000 units.

Currently named Admiral Self Storage, this property will be re-branded under the SmartStop® Self Storage trade name. Developed in 1974 as a retail property, then converted to self storage in 1999, the two-building self-storage facility offers two RV canopies, surveillance cameras, climate-controlled units, keypad entry and an office for onsite management.

“This 10-acre Charleston site includes an expansion opportunity, which consists of additional RV/boat parking along with additional drive-up self storage,” said H. Michael Schwartz, chairman and CEO of SSTI.

SSTI currently owns 12 additional self-storage facilities in South Carolina:

 2343 Savannah Highway in Charleston (330 units)

 1533 Ashley River Road in Charleston (430 units)

 1951 Maybank Hwy. in Charleston (575 units)

 1904 Highway 17 N. in Mt. Pleasant (590 units)

 1117 Bowman Road in Mt. Pleasant (390 units)

 1108 Stockade Lane in Mt. Pleasant (1,370 units)

 1201 Laurens Road in Greenville (470 units)

 120 Northpoint Drive in Lexington (585 units)

 890 St Peters Church Road in Lexington (245 units)

 298 Red Cedar Street in Bluffton (655 units)

 3015 Ricks Industrial Park Drive in Myrtle Beach (480 units)

 512 Percival Road in Columbia (485 units)

About Strategic Storage Trust, Inc. Strategic Storage Trust, Inc. (SSTI) is one of five publicly registered self-storage REITs in the United States and is one of the fastest growing self-storage non-traded REITs nationwide. The SSTI management team is comprised of industry veterans with extensive institutional experience in the acquisition and property management of self-storage properties. Since the launch of SSTI in 2008, the company’s portfolio of wholly-owned properties has expanded to include 111 properties in 17 states and Canada that are being branded as SmartStop® Self Storage. The portfolio includes approximately 70,000 self-storage units and 9.3 million rentable square feet of storage space. For more information about SSTI, please call 949-469-6600 or visit To view our properties and locations or to find a nearby storage facility, visit