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StorageMart Acquires Portfolio of Two Baltimore Self-Storage Facilities
StorageMart has closed on a real-estate portfolio consisting of two Baltimore-area storage facilities, one in Glen Burnie, MD, and the other in Rosedale, MD. Financials were not disclosed.
The new locations were acquired from former owners Golden Ring Mini Storage and Ritchie Mini Storage. Both previously ran under Mt. Royal Management and are now operating under StorageMart management.
The two properties total 131,345 net rentable square feet with 1,407 storage units and 105 parking spaces. Both facilities will be upgraded with new lighting, updated security and accessibility, improved unit doors, and new paving.
- ◦Sale/Acquisition