StorageMart Acquires 2 Self-Storage Facilities in Des Moines, IA, Market

StorageMart, which operates more than 190 self-storage properties across Canada, the United Kingdom and the United States, has acquired Afford It Storage and Country Club Mini Storage in the Des Moines, Iowa, metropolitan market. Together, the facilities in Grimes and Waukee comprise 58,350 square feet in 450 units, according to a source.

The Grimes location is on 2.5 acres at 775 S.W. 37th St., with room for expansion opportunities, a source reported. The seven-building property comprises 280 units. It features climate-controlled units and keypad entry. The site is about 15 miles from downtown Des Moines.

The Waukee property at 16175 S.E. Laurel St. is 5.6 miles from the Grimes site and a 20-minute drive from downtown Des Moines. It comprises 170 units and features single-story buildings with drive-up access, according to a press release. StorageMart already has a presence in both cities.

"We're bringing even more easy, clean service to Waukee and Grimes in the greater Des Moines area," said Cris Burnam, president of StorageMart. "We're committed to providing everyone with clean and well-lit units and excellent customer service, and look forward to providing storage solutions to the residents of Waukee and Grimes, Iowa."

Bellomy & Co. brokers John Arnold, Bill Bellomy and Michael Johnson represented the local seller of both properties and procured the buyer. With offices in Atlanta, Houston, and Austin, Texas, Bellomy & Co. focuses on the sale of self-storage, industrial, office and retail properties nationwide.

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. Its portfolio consists of more than 12 million square feet of storage. It serves more than 75,000 self-storage customers, and operates in Chinese, English, Punjabi, Quebecois French and Spanish.

Source:
PR Newswire, StorageMart Expands into Waukee and Grimes with Self Storage
Commercial Property Executive, StorageMart Expands Iowa Footprint

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