SmartStop: Blue Door Property II DST
Investment Overview
Invest in 3 existing self storage properties located in Texas and Florida totaling 2,281 storage units and 98 vehicle storage spaces. Each of the properties is operated as a self storage facility under the SmartStop® Self Storage name.
Offering Strengths
Relatively low cost to operate and reasonable occupancy assumptions for the individual markets lead to a conviction that the Sponsor will achieve forecasted results.
Offering Weaknesses
Self-storage asset class has been volatile and overbuilt in some markets.
Key Facts
Sponsor: Blue Door Asset Management
Structure: Delaware Statutory Trust (DST)
Location(s): Texas, Florida
Property Type(s): Self-Storage
Assumable Loan: None; All-Cash
Estimated Hold Period: 6 Years
Key Features
1031 Exchange: Yes
721 Exchange/UPREIT: No
Cash-Out Refinance: No
Income Guarantee: No
Distribution Forecast
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Investor Cash Flow | 4.41% | 4.51% | 4.55% | 4.61% | 4.64% | 4.70% | 4.81% | 4.86% | 4.96% | 5.06% |
Sponsor Overview
SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of July 15, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet.