StorageMart Expands Iowa Portfolio

The company has purchased two self-storage facilities totaling 50,000 square feet. The facilities are located in Grimes and Waukee.

self storage newsStorageMart has acquired two self-storage facilities located in the Des Moines area in Iowa. According to Yardi Matrix data, the company owns 16 facilities in the Des Moines market, totaling 1,063,403 square feet. The two new assets bring an additional 50,000-square-foot storage space to the market.

The two facilities, located in Grimes and Waukee offer a total of 450 storage units. Characteristics of the buildings include climate-controlled, drive-up units and lighted and gated entry. The Grimes building is situated at the intersection of Southwest 37th Street and Brookside Drive, within 10 minutes of Interstate 35 and approximately 15 miles from downtown Des Moines. The second facility in Waukee is situated just off Laurel Street, alongside Hickman Road, within 21 minutes from Des Moines.

“We’re bringing even more easy, clean service to Waukee and Grimes in the greater Des Moines area,” said Cris Burnam, president of StorageMart, in a prepared statement. “We’re committed to providing everyone with clean and well-lit units and excellent customer service and look forward to providing storage solutions to the residents of Waukee and Grimes, Iowa.”

Last November, StorageMart acquired Waukee Storage Masters, a Class A facility, totaling 64,517 square feet, in Waukee, Iowa.