{"id":1004462902,"date":"2020-07-14T03:05:45","date_gmt":"2020-07-14T11:05:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004462902"},"modified":"2025-02-27T01:02:14","modified_gmt":"2025-02-27T09:02:14","slug":"storagemart-acquires-2-facilities-in-kansas-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/","title":{"rendered":"StorageMart Acquires 2 Facilities in Kansas City"},"content":{"rendered":"
\"\"<\/a>

SurePoint Self Storage Facility in Kansas City. Rendering courtesy of JLL<\/i><\/p><\/div>\n

StorageMart has finalized the acquisition of a two-property self storage portfolio encompassing 1,692 units in Kansas City, Kan. JLL Capital Markets assisted the seller and developer, SurePoint Self Storage. The newly-constructed facilities total approximately 258,000 square feet. At the time of sale, First National Bank of Omaha provided a $16.7 million loan for the buyer, according to DataTree.<\/p>\n

The portfolio included the 137,000-square-foot property at 12020 Glenwood St. in Overland Park and the 121,000-square-foot property at 15282 W. 134th Place in Olathe. Both facilities, which came online earlier this year, feature climate-controlled and drive-up access units, security cameras, elevators and a management office that sells moving supplies. More than 85,000 people live within 3 miles of each location, according to JLL data.<\/p>\n

In 2018, SurePoint Self Storage received a $7.4 million construction loan from SNL Financial for the 908-unit Overland Park facility, Yardi Matrix shows. Additionally, that same year, Security Bank of Kansas City originated a $6.9 million development note for the 784-unit property in Olathe.<\/p>\n

The brokerage team included JLL Managing Directors Brian Somoza and Steve Mellon, Vice President Andrew Fischer and Senior Associate Henry Weiler.<\/p>\n

In May, StorageMart opened a 62,150-square-foot self storage facility<\/a> in Fredericksburg. The company funded its first ground-up project in recent years with a $7.5 million mortgage from Central Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the time of sale, the buyer received a $16.7 million loan from First National Bank of Omaha.<\/p>\n","protected":false},"author":867,"featured_media":1004462908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,1592,13,21742],"tags":[38954,32796,38400,34790],"class_list":["post-1004462902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-kansas-city","category-midwest","category-latest","tag-brian-somoza","tag-jll","tag-steve-mellon","tag-storagemart"],"acf":[],"yoast_head":"\nStorageMart Acquires 2 Facilities in Kansas City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StorageMart Acquires 2 Facilities in Kansas City\" \/>\n<meta property=\"og:description\" content=\"At the time of sale, the buyer received a $16.7 million loan from First National Bank of Omaha.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-14T11:05:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T09:02:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/SurePoint-Self-Storage-Facility-in-Kansas-City.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/\",\"name\":\"StorageMart Acquires 2 Facilities in Kansas City - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/SurePoint-Self-Storage-Facility-in-Kansas-City.jpg\",\"datePublished\":\"2020-07-14T11:05:45+00:00\",\"dateModified\":\"2025-02-27T09:02:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/storagemart-acquires-2-facilities-in-kansas-city\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/SurePoint-Self-Storage-Facility-in-Kansas-City.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/SurePoint-Self-Storage-Facility-in-Kansas-City.jpg\",\"width\":800,\"height\":620,\"caption\":\"SurePoint Self Storage Facility in Kansas City. 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