StorageMart Buys 72 KSF Facility
- Dec 13, 2018
StorageMart has acquired Move It Storage, a 72,063-net-rentable-square-foot, Class A facility in San Antonio, Texas. Bellomy & Co. arranged the sale on behalf of the seller, Watson & Taylor Self Storage, and also represented the buyer. The new acquisition marks StorageMart’s fifth facility in the San Antonio area.
Situated at 10930 Braun Road, Move it Storage is near freeways 1604 and 16, around 24 miles from downtown San Antonio and 22 miles from San Antonio International Airport. The area hosts many apartment communities, with more than 7,600 units completed or under construction within a five-mile radius, Yardi Matrix data shows. Built in 2005 and 2008, the seven-building facility sits on 4 acres and comprises units ranging from 25 to 450 square feet. The storage property is gated, climate-controlled and offers drive-up access and parking and RV Parking spaces. Additional services include on-site management.
Bellomy & Co.’s brokerage team included Principals Bill Bellomy and Michael Johnson. In October, the firm arranged the sale of De Soto KS Self-Storage, a 41,555-rentable-square-foot property in De Soto, Kan.
Image courtesy of Bellomy & Co.