StorageMart has acquired an 89,000 square-foot self storage facility in the Chaska suburb of Minneapolis from a private investor. The new StorageMart facility will also serve the communities of Shakopee, Minn.
Located at 1900 Stoughton Ave., the property is near State Route 212, approximately 25 miles from downtown Minneapolis. More than 83,000 people live within a five-mile radius in this densely populated area, with an average household income of roughly $88,000. Additionally, the region offers 6.2 net rentable square feet of storage space per capita, Yardi Matrix data shows.
Built in 1988, the 10-building storage facility comprises 544 climate and non climate-controlled units, ranging in size between 25 and 360 square feet. Other characteristics of the facility include a gate, drive through loading bays, parking and long-term parking for RVs, security camera, individual PIN-code access and exterior lighting.
“Bringing easy, clean storage service to Chaska is a great move, and we’re thrilled to offer new self storage service to the community,” said Cris Burnam, president of StorageMart, in prepared statements. “This new location is also a great Shakopee storage solution.”