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"The acquisition of this CubeSmart property represents the type of high-quality asset and strong retail location that StorageMart is seeking as it expands its portfolio across the U.S." David Paulson
MELBOURNE, FL, April 27, 2021 /24-7PressRelease/ -- Ackerman & Co. and Trout Daniel & Associates (TD&A) represented StorageMart in the acquisition of a CubeSmart Self Storage facility in West Melbourne, FL. The facility, located at 1060 Polo Drive, features 397 climate-controlled storage units and 288 drive-up units.
David Paulson, Stephen Lapierre and Wyatt Whitaker of Ackerman Co., and Steven Cornblatt and Coleman Tirone of Trout Daniel & Associates brokered the purchase on behalf of StorageMart.
"The acquisition of this CubeSmart property represents the type of high-quality asset and strong retail location that StorageMart is seeking as it expands its portfolio across the United States," said David Paulson, Senior Vice President at Ackerman & Co.
"The acquisition of 1060 Polo Drive adds another key asset to StorageMart's rapidly growing portfolio. This facility checks all the boxes for StorageMart in terms of their acquisitions criteria. The store has over 70,000 rentable square feet, is surrounded by residential communities, and is in close proximity to major retailers," added Coleman Tirone, Sales & Leasing Associate at TD&A. "The team at TD&A and Ackerman could not be more excited to help StorageMart fulfill their acquisitions goals throughout the Mid-Atlantic and Southeastern United States."
The Melbourne property will be upgraded to deliver amenities StorageMart is known for, including convenient, clean, well-lit facilities with award-winning customer service. Planned upgrades to the property include improvements to loading accessibility and enhancements to security systems.
StorageMart started with a single store in Columbia, MO and has grown to be the largest privately-owned, family operated storage company in the world. StorageMart is led by the Burnam family, who have been in the storage industry for four generations. Dedicated to providing easy, clean, and friendly service to each and every customer, StorageMart is also committed to giving back to the many communities it calls home through their Store It Forward program. Find out more at http://www.storage-mart.com.
TD&A is a full-service commercial real estate brokerage serving businesses throughout the mid-Atlantic and beyond. The firm takes a highly customizable approach to providing a full range of commercial real estate services, including brokerage, development, consulting and management to the retail, office, industrial, multi-family and investment market segments. For more information, visit: www.troutdaniel.com
Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has more than 4.5 million square feet under management and maintains an investment portfolio valued at $1 billion.
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