StorageMart, which operates self-storage properties across Canada, the United Kingdom and the United States, has acquired Air Station Storage in Virginia Beach, Va. It’s the company’s first location in the area and its 200th facility overall, according to a press release.
The property at 4416, 1889 Virginia Beach Blvd. comprises 78,979 square feet of rentable storage space in 560 storage climate-controlled and drive-up units. It’s just off Interstate 264 and near Naval Air Station Oceana, a military airport and U.S. Navy Master Jet Base. Features include two interior loading bays, PIN-controlled access and video cameras.
“We’re thrilled to open a StorageMart in Virginia Beach,” said Cris Burnam, president. “We're committed to bringing easy, clean storage service to the area, and look forward to becoming part of the local community.”
The seller was represented in the transaction by Ryan Clark, director of investment sales for SkyView Advisors, a Tampa, Fla.-based investment-sales and advisory firm focused on the self-storage industry.
StorageMart also acquired two properties in the Des Moines, Iowa, metropolitan market last month. Together, the facilities in Grimes and Waukee comprise more than 50,000 square feet in 450 units. The company plans to purchase a third Des Moines property as well as another site in Chaska, Minn.
“We're working hard to hit our goal of 300 stores by 2021,” Burnam said. “Our acquisitions team is searching to find suitable locations, both new developments and storage facilities for sale by owner.”
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.
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