SEC Contract Filing

Filing Date: 2018-04-24

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ck0001680232-ex101_6.htm
<DESCRIPTION>EX-10.1 PSA
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ck0001680232-ex101_6.htm
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:24pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:11pt;font-style:normal;font-variant: normal;"><font style="text-decoration:underline;">PURCHASE AND </font><font style="text-decoration:underline;font-family:Times New Roman Bold;">PURCHASE AND SALE AGREEMENT</font><font style="font-family:Times New Roman Bold;"><br />(Metro Mini Storage Portfolio)</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS PURCHASE AND SALE AGREEMENT (this &#8220;<font style="font-weight:bold;text-decoration:underline;">Agreement</font>&#8221;) is executed by and among Metro Mini Storage No. 1, Ltd., Metro Mini Storage/Cinco, Ltd., Metro Mini Storage/Kingwood, Ltd., Metro Mini Storage/FM 1488, Ltd., Metro Mini Storage/Queenston, Ltd., Metro Mini Storage/College Station, Ltd. and Metro Mini Storage/Fairfield, Ltd., each a Texas limited partnership (each a &#8220;<font style="font-weight:bold;text-decoration:underline;">Seller</font>&#8221; and collectively, whether two or more, &#8220;<font style="font-weight:bold;text-decoration:underline;">Sellers</font>&#8221;), and SST IV Acquisitions, LLC, a Delaware limited liability company (&#8220;<font style="font-weight:bold;text-decoration:underline;">Purchaser</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:12pt; clear:both;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>In consideration of the mutual covenants and representations herein contained, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, Sellers and Purchaser agree as follows:</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;color:#000000;text-transform:uppercase;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-variant: normal;">1.<font style="text-decoration:underline;font-size:12pt;color:#000000;"><br />PURCHASE AND SALE</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.1<font style="margin-left:0pt;"></font><font style="text-decoration:underline;font-size:12pt;color:#000000;">Purchase and Sale</font><font style="font-size:12pt;color:#000000;">.&nbsp;&nbsp;Subject to the terms and conditions of this Agreement, each Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from each Seller, all portions of the following described property (herein collectively called the &#8220;</font><font style="font-weight:bold;text-decoration:underline;font-size:12pt;color:#000000;">Property</font><font style="font-size:12pt;color:#000000;">&#8221;) owned by each Seller:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:0pt;"></font><font style="text-decoration:underline;font-size:12pt;color:#000000;">Land</font><font style="font-size:12pt;color:#000000;">.&nbsp;&nbsp;The seven (7) tracts of land described on </font><font style="font-weight:bold;font-style:italic;text-decoration:underline;font-size:12pt;color:#000000;">Exhibit&#160;&#8220;A&#8221;</font><font style="font-size:12pt;color:#000000;"> attached hereto and made a part hereof (herein, the &#8220;</font><font style="font-weight:bold;text-decoration:underline;font-size:12pt;color:#000000;">Land</font><font style="font-size:12pt;color:#000000;">&#8221;).</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:0pt;"></font><font style="text-decoration:underline;font-size:12pt;color:#000000;">Easements</font><font style="font-size:12pt;color:#000000;">.&nbsp;&nbsp;All easements, if any, benefiting the Land or the &#8220;Improvements&#8221; (as defined in </font><font style="text-decoration:underline;font-size:12pt;color:#000000;">Section 1.1(d)</font><font style="font-size:12pt;color:#000000;"> of this Agreement).</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:0pt;"></font><font style="text-decoration:underline;font-size:12pt;color:#000000;">Rights and Appurtenances</font><font style="font-size:12pt;color:#000000;">.&nbsp;&nbsp;All rights and appurtenances pertaining to the Land, including any right, title and interest of Sellers in and to adjacent streets, alleys or rights-of&#8209;way.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;te