Metro Storage Acquires CubeSmart Facility in Riverview, FL

Metro Storage LLC, which operates more than 130 self-storage locations in 14 states, has acquired a CubeSmart facility in Riverview, Fla. The newly constructed property at 11567 U.S. Route 301 contains five single-story buildings comprising 78,000 rentable square feet of storage space in 627 climate-controlled and drive-up units. Features include perimeter fencing, automatic gates and doors, and video cameras.

“The acquisition of this newly constructed facility located in the bustling Tampa Bay market brings Metro’s portfolio in the Florida market to 23 stores having over 1.6 million rentable square feet. We are excited about this excellent opportunity for our stakeholders,” said Metro Storage President Marty Gallagher.

Headquartered in Lake Forest, Ill., Metro Storage operates the Metro Self Storage brand. The privately owned, fully integrated real estate company specializes in the acquisition, development and management of self-storage facilities in Brazil, Central America and the United States. Its facilities comprise more than 8.7 million square feet of storage space.

CubeSmart is a self-storage real estate investment trust and third-party management firm that owns or manages 987 self-storage facilities across the United States. Its operating portfolio comprises more than 60.5 million square feet.

Source:
Benzinga, Metro Storage LLC Acquires Storage Facility in Riverview, Florida