Metro Storage LLC Acquires Metro Mini & RV Self Storage Portfolio in the Minneapolis Market

Posted by MiniCo on Sep 17, 2014 12:00:00 AM

MiniCo ·

· September 17, 2014 · 1 min read · 0

Metro Storage LLC Acquires Metro Mini & RV Self Storage Portfolio in the Minneapolis Market

Metro Storage LLC has announced the expansion of its presence in the Minneapolis market with the acquisition of the four store Metro Mini & RV Storage portfolio. The new facilities are located in the Minneapolis suburbs of Bloomington, Eden Prairie, Mound and Orono, and add 208,000 rentable square feet, 1,500 storage units, and 450 RV/Parking spaces units to Metro Storage’s existing Minnesota portfolio.In the first quarter of 2015, Metro is also scheduled to open a newly converted storage facility in the Minneapolis suburb of Blaine. This will bring the total number of Metro Self Storage stores in the Minneapolis market to six. “We’ve been in the Minneapolis market with our Maple Grove store for a few years now and welcome this opportunity to expand our presence.” said Metro Storage LLC Chairman Matthew Nagel. “The addition of the Metro Mini stores as well as the Blaine facility fit in well with our current business model and future growth plans.” The facilities are well-positioned on or near major retail corridors in strong demographic areas. The high-quality facilities feature interior loading bays, climate controlled units, exterior drive-up units, state-of-the-art security systems, computer-coded gate access and RV/boat storage spaces. All four locations will feature Penske truck rentals. The store located at 6200 W. Old Shakopee Road, Bloomington, Minnesota consists of six single-story storage buildings containing 391 self storage units and 182 outdoor RV/Boat parking spaces. Features include convenient exterior drive-up storage units, RV/boat parking, energy efficient 40-watt solar panels, perimeter fencing, automatic gates and doors, and video camera system. The property at 6851 Flying Cloud Drive, Eden Prairie, Minnesota consists of three one and a partial two story storage buildings containing 397 self storage units and 50 post office boxes. Features include interior climate controlled units, convenient exterior drive-up storage units, post office boxes, wide asphalt driveways, perimeter fencing, automatic gates and doors, and video camera system. About Metro Storage LLC Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 80 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com

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