Metro Storage LLC Acquires Building for Conversion to Self Storage

Posted on Jul 1 2014 - 9:28pm by Tony Gonzalez

Metro Storage LLC is at it again. They purchased a building in Brown Deer, Wisconsin, that they will turn into a state-of-the-art facility in their portfolio. Brown Deer is a northern suburb of Milwaukee. The grand opening will be held during the fourth quarter of 2014.

The building used to be a liquor distribution center. After it is remodeled, the new Metro Self storage facility will have 638 units. The remodeled building will have a drive through for vehicles, an interior loading and unloading dock, and climate controlled units.

In addition to the existing building, Metro Self Storage will build three new buildings on the property. The new buildings will have non-climate controlled units. These 4 buildings will bring in a total of 107,458 square feet of rentable space for the company.

“This is a great opportunity for us,” said Metro Storage LLC Chairman Matt Nagel. “We’re looking forward to entering the Milwaukee market with this outstanding store.”

Metro Self Storage has been busy building their portfolio lately. In the middle of June, they announced they acquired a building that used to be a car dealership in Blaine, Minnesota. They will be converting it to a state-of-the-art self storage facility, which will have 75,000 square feet of predominantly climate controlled units.

At the first of June, they purchased 3 self storage properties in the Atlanta metropolitan area. These facilities add 230,435 rentable square feet and bring the total of Metro Self Storage facilities in Atlanta to 12.

In March, they acquired a building in Bannockburn, Illinois, that used to be a Sears Parts and Repair Center. They converted it to a self storage facility. They will also add two new buildings to the property and these three buildings will add over 97,00 square feet to their portfolio.

And, in a very ambitious move, they announced in January 2014 that they will open the first MetroFit store in Sao Paulo, Brazil. It will be a newly constructed building with three stories that have over 75,000 square feet. There will be almost 500 units. This facility is on the Marginal Highway, which is the busiest road in Sao Paulo with over 700,000 cars passing by their site every day.

Metro Self Storage has 78 locations in 11 states. They serve over 75,000 customers annually.

Sources Used:

“Metro Storage LLC Acquires Former Liquor Distribution Center for Conversion to Self Storage Facility in Brown Deer, WI.” PRWeb; 01 July 2014.

Metro Self Storage.

Metro Storage LLC.

Metro Storage LLC Acquires Building for Conversion to Self Storage

About Tony Gonzalez

Tony Gonzalez has enjoyed a prosperous career in general contracting but has decided to complete his college degree in - of all things - sociology - and enjoys blogging about his daily observations of our "human society" and other musings about life and people. He has a particular interest around the shifting economy and how society reacts to downsizing changes, not only in the "contracting" world, but in the areas of moving/storage/rental, etc.
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