Des Moines, IA – March 17, 2014 – StorageMart announced today the purchase of 18 Budget Storage and Advance Self Storage locations in Iowa, Kansas and Nebraska.
“We have been working on this portfolio since 1987, and are pleased it has finally come to fruition,” StorageMart CEO Mike Burnam said. “It fits well with our acquisition criteria for increasing or maintaining critical mass in markets where we can control expenses and push our revenue.”
The acquisition adds 1,113,872 net rentable square feet and 8,573 individual storage units to StorageMart’s portfolio, making it the single largest provider of self storage service to the Greater Des Moines Area. This addition brings the company wide total of net rentable square footage to more than 9.8 million.
“We’re excited by the opportunity to not only enter the Des Moines market, but to do so as the largest provider of self storage in the area,” StorageMart President Cris Burnam said. “We’re looking forward to bringing to the people of the Des Moines the high standards of service and innovation which have become synonymous with the StorageMart brand and made us a leader in the self storage industry.”
New Acquisitions
The acquisition includes the 16 properties formerly operating as Budget Storage in Davenport, Iowa and the Greater Des Moines Area:
• 6520 Northwest Blvd., Davenport, IA
• 1750 E. Army Post Rd., Des Moines, IA
• 2500 SE 14th St., Des Moines, IA
• 4043 E. 14th St., Des Moines, IA
• 3221 Martin Luther King, Jr. Pkwy, Des Moines, IA
• 141 SW 63rd St., Des Moines, IA
• 125 S. 13th St., West Des Moines, IA
• 5267 Merle Hay Rd., Johnston, IA
• 1850 SE Miehe Dr., Grimes, IA
• 205 SW Irvinedale Dr., Ankeny, IA
• 205 SE Delaware Ave., Ankeny, IA
• 225 NE Venture Dr., Waukee, IA
• 9821 Douglas Ave., Urbandale, IA
• 6701 Hickman Rd., Urbandale, IA
• 6525 Center St., Windsor Heights, IA
• 1050 E. MacArthur Rd., Wichita, KS
Also acquired were the former Advance Self Storage facilities:
• 1501 Mahaffie Circle, Olathe, KS
• 6101 Cornhusker Hwy, Lincoln, NE
Despite being new additions to the StorageMart brand, these new properties for Des Moines self storage will feature many of the amenities for which StorageMart is known. Perimeter fencing, accessible only by pin-controlled gates, a brightly lit property and video monitoring provide peach of mind for storage customers. Storage options include both indoor and outdoor parking areas for storing vehicles, heated, climate-controlled storage units and units with drive-up access. This property will provide storage customers with the highest level of convenience by providing 24-Hour gate accessibility. Potential customers can shop for their storage unit from home by accessing real-time rate and availability information and renting their storage unit ahead of time at www.storage-mart.com.
About StorageMart
Founded in 1999 and headquartered in Columbia, Missouri, StorageMart owns and operates more than 149 full-service self storage facilities throughout the United States and Canada. In addition to renting out self storage units, StorageMart properties also offer for purchase a wide variety of high quality packing and moving supplies, making each StorageMart a one-stop shopping spot for all moving, packing and storage needs.
StorageMart Gives is the charitable arm of the company, striving to identify non-profit organizations to work with as partners in each market StorageMart calls home. With the help of Charity Storage, an industry wide giving program, StorageMart assists in the mission of the American Red Cross, Big Brothers Big Sisters, Habitat for Humanity, local animal shelters, women’s shelters, food banks and child foster care and adoption programs.
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