65KSF IA Self-Storage Facility Changes Hands

StorageMart purchased the facility located in Waukee, Iowa for $2.8 million. Bellomy & Co. represented the seller and procured the buyer in the deal.

Waukee Storage Masters
Waukee Storage Masters

StorageMart has acquired Waukee Storage Masters, a Class A facility, comprising 64,517 rentable square feet, in Waikee, Iowa—a suburb of Des Moines, Iowa—for $2.8 million. Bellomy & Co. arranged the sale on behalf of the seller and procured the buyer.

Situated at 225 NE Venture Drive, the property offers easy access to Grand Prairie Parkway and Interstate 80. Kettlestone, a 1,700-acre mixed-use development, is within six miles of the facility. 

Built in 2014, Waukee Storage Masters sits on 5 acres and comprises 462 units, of which 229 were completed during the second phase of development, in 2016. The facility features climate, non-climate and outdoor parking units. Construction highlights include concrete driveways, steel framing and metal buildings with stone façades. Amenities include:

  • video surveillance
  • gated, 24-hour access
  • perimeter fencing
  • office

Bill Bellomy, Michael Johnson and John Arnold with Bellomy & Co. has arranged the sale of the facility. The new Waukee storage units add to StorageMart’s combined total of more than 15 million square feet of storage space in three countries. Earlier this year, the firm has acquired 650-unit self-storage facility in Northern California. 

Image courtesy of Google Street view