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StorageMart Acquires 2-Property Can-Stor Self Storage Portfolio in London, Ontario, Canada

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StorageMart, which operates more than 190 self-storage properties across Canada, the United Kingdom and the United States, has acquired the two-property Can-Stor Self Storage portfolio in London, Ontario, Canada. StorageMart now operates five sites in the region, according to a press release.

Built within the last decade, the properties at 677 Wharncliffe Road S. and 556 Wonderland Road N. comprise more than 128,000 square feet of rentable square feet in 1,257 climate-controlled and drive-up units. Security features include gated access and video cameras. Customers have access to online reservations and billpay, the release stated.

The facilities are on major roads easily accessible from around the city, which added to the portfolio’s appeal, according to company officials. "We know that convenience is a top priority for our residential, student and business storage customers," said Cris Burnam, president. "We aim to make the self-storage process as easy as possible for our customers, and that starts by selecting locations that are easily accessible."

Last month, StorageMart purchased a facility in Lethbridge, Alberta, Canada, its second in the area. The acquisition comprises more than 20,000 square feet of storage space in 200 drive-up and indoor units.

Founded in 1999 and based in Columbia, Mo., StorageMart is privately owned and operated by the Burnam family, which has been in the storage industry for three generations. It serves more than 75,000 self-storage customers, and operates in Chinese, English, Punjabi, Quebecois French and Spanish.

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