Lake Forest, IL (PRWEB) June 06, 2014
Metro Storage LLC today announced the purchase of three Georgia Self Storage stores in the Atlanta metropolitan area. The new facilities add 230,435 rentable square feet and 1,775 units to Metro Storage’s existing Georgia portfolio. This acquisition brings to 12 the total of Metro Self Storage stores in the Atlanta area.
“The acquisition of these three quality self storage facilities fits well with Metro’s current Atlanta store portfolio and our overall strategic growth plans.” said Metro Storage LLC Chairman Matthew Nagel.
The store located at 6472 Hwy 42, Rex, Georgia is comprised of seven self storage buildings, with both climate and traditional drive up units, inside or outside vehicle storage and parking, and features boat, RV and truck parking.
The store at 2220 Lawrenceville Hwy, Lawrenceville, Georgia is comprised of six self storage buildings, and offers climate and traditional drive up units, and inside or outside vehicle storage and parking.
The property at 1935 Buford Drive, Lawrenceville, Georgia is comprised of three self storage buildings offering climate and traditional drive up units, and inside or outside vehicle storage and parking.
All the stores are newer Class “A” facilities with strong physical occupancies, demographics and traffic counts, and feature state of the art security.
“This is an exciting acquisition for us,” said Blair Nagel, CEO of Metro Storage LLC. “It will enable us to leverage our strong presence in the Atlanta market to maximize revenue and occupancy at the new stores while continuing to deliver an exceptional storage experience for our customers.”
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 http://www.metrostoragecorporate.com.