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StorageMart announces the acquisition of self-storage facility in Soquel, CA
StorageMart serves more than 75,000 self-storage customers, and operates in Chinese, English, Punjabi, Quebecois French and Spanish

April 4, 2016: Founded in 1999 and based in Columbia, MO, StorageMart, which manages over 190 self-storage properties across Canada, the United Kingdom and the United States, has recently purchased a Store More America facility in Soquel, California. The self storage facility has been acquired for $18.6 million.

According to a press release from the Loeffler Self-Storage Group (LSSG), the real estate firm that brokered the transaction, it’s the operator’s first foray into the Santa Cruz County storage market.

"The No. 1 feature customers want in self-storage is convenience," said StorageMart President Cris Burnam, adding that location was a prime factor in the acquisition. "Our goal is to make storage easy for our customers, and a centrally located facility is a big part of that."

The 2-acre property at 3711 Soquel Drive is a quarter mile north of California State Route 1. It has two multi-level buildings containing 78,000 square feet of storage space in 667 climate-controlled units. Built in 2009, the self storage facility offers controlled access, a large loading area, two freight elevators and video cameras.

The seller, Store More America Soquel LLC, was represented in the transaction by Bobby Loeffler, president, and Tyler Skelly, national director, of LSSG.

StorageMart also acquired  a Store More America facility in Watsonville, California, nearly a year ago. Constructed in the year 1985, the facility has 106,818 net rentable square feet of storage space in 918 units.

StorageMart is privately owned and operated by the Burnam family, which has been in the storage industry for three generations.

Source: www.insideselfstorage.com