Business News • MarketWire • Strategic Storage Trust, Inc. (SSTI) and Westport Properties Sell SpaceX's Corporate Headquarters Facility for $46.7 Million |
Strategic Storage Trust, Inc. (SSTI) and Westport Properties Sell SpaceX's Corporate Headquarters Facility for $46.7 Million |
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Strategic Storage Trust, Inc. (SSTI) and Westport Properties Sell SpaceX's Corporate Headquarters Facility for $46.7 Million
HAWTHORNE, CA--(Marketwired - Aug 11, 2014) - Strategic Storage Trust, Inc. (SSTI), a publicly registered non-traded self-storage REIT, in a joint venture with Westport Properties, Inc. and USA Hawthorne, LLC, a fund sponsored by an affiliate of the advisor of SSTI, recently announced the disposition of a 510,000 square foot building for approximately $46.7 million to a publicly traded REIT. The office and industrial facility is 100% leased to Space Exploration Technology Corporation (SpaceX), the world's fastest growing space launch services provider. SpaceX's long-term lease commenced in 2007 with a termination date in 2023 with two additional five year renewal options.
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