Metro Storage LLC today announced the purchase of three Storage King stores in the Philadelphia metropolitan area. The new facilities add 259,650 rentable square feet and 1,944 units to Metro Storage’s existing Pennsylvania portfolio.
This purchase follows the acquisition last month of a store in Limerick, PA by Metro Storage LLC.
“With the addition of these three Class A self storage facilities, Metro has grown its Philadelphia portfolio to seven stores in short order,” said Matthew Nagel, Chairman of Metro Storage LLC.
The properties are:
- Metro Self Storage Newton Square, 3952 N. Providence Road, Newtown Square, PA. – The three building facility encompasses 84,825 rentable square feet and 606 units of exterior drive-up and interior, climate and non-climate controlled storage, and 34 vehicle parking spaces.
- Metro Self Storage Trevose, 4440 E. Bristol Road, Trevose, PA. – This facility encompasses 78,300 rentable square feet and 658 units of interior and exterior, non-climate controlled storage as well as 27 vehicle parking spaces.
- Metro Self Storage Sharon Hill, 1354 Hook Road, Sharon Hill, PA – This 680 unit property has 96,525 rentable square feet and features primarily traditional drive-up non-climate controlled units.
“These are three exceptional stores,” said Blair Nagel, CEO of Metro Storage LLC. “The addition of these properties will enable us to further leverage the Metro brand in the Philadelphia area.”
About Metro Storage LLC
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a privately owned, fully integrated real estate operating company specializing in the development, acquisition and management of self-storage facilities nationwide. Headquartered in Lake Forest, Illinois, the company is the 11th largest operator of self-storage facilities in the United States with over 80 stores in 11 states. More information about the firm is available at https://www.metrostoragecorporate.com.