StorageMart, which operates 200 self-storage properties across Canada, the United Kingdom and the United States, has acquired Twin Cities Self Storage in the Minneapolis suburb of Chaska, Minn. The property at 2218, 1900 Stoughton Ave. comprises more than 89,000 square feet of rentable space in 544 units. It also contains parking spaces for vehicle storage. Features include climate control, drive-through loading bays, PIN-controlled access and video cameras.
“Bringing easy, clean storage service to Chaska is a great move, and we're thrilled to offer new self-storage service to the community,” said Cris Burnam, president.
The buyer and the seller were represented in the transaction by Tom Flannigan, a broker with KW Commercial and an affiliate of the Argus Self Storage Sales Network.
StorageMart reached the 200-property milestone last month with the purchase of Air Station Storage in Virginia Beach, Va. In February, it acquired two properties in the Des Moines, Iowa, metropolitan market.
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.
Argus is a Denver-based network of real estate brokers who specialize in storage properties. Formed in 1994, the company has 36 broker affiliates covering nearly 40 markets.
Source:
PR Newswire, StorageMart Grows with New Self Storage Facility in Chaska, MN
