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StorageMart develops and acquires Class A storage properties located in high growth urban markets. The Company seeks to develop/acquire assets located on major thoroughfares with high traffic counts to ensure maximum customer visibility and exposure. StorageMart's development properties range from 75,000 to 300,000 square feet. Total development costs for these state-of-the-art storage facilities are $7-12 million.
The properties provide climate controlled storage for customers. In addition, new facilities include an enclosed loading dock to protect customers from the elements, carpeted hallways, larger retail stores that sell comprehensive goods for moving and storage, a state-of-the-art security system and U-Haul truck rental services. Additionally, select properties located in major metropolitan markets may include climate controlled wine cellar facilities.
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