Salt Lake City’s Extra Space Storage Inc. has agreed to a lease agreement for 36 self-storage properties owned by W.P. Carey Inc. of New York City. Carey is a real estate investment trust that invests in properties leased to single tenants via triple-net leases.
Extra Space Storage owns and/or operates 1,696 self-storage properties in 40 states; Washington, D.C.; and Puerto Rico. The company’s properties comprise approximately 1.2 million units and approximately 130 million square feet of rentable space.