Metro Storage LLC, which operates more than 100 self-storage facilities in 11 states, has purchased Pond Road Self Storage in Oakdale, N.Y., on Long Island. Metro now operates three storage properties in the state and is developing a fourth in Brooklyn, N.Y.
The property at 4038 Sunrise Highway encompasses 45,200 rentable square feet of storage space in 417 units. It features four single-story buildings as well as a two-story office. The facility offers climate control, drive-up access, gated access, outdoor parking, Penske truck-rental services and video cameras.
“The addition of this facility will broaden the Metro Self Storage footprint in the market and enable us to better leverage our brand in the New York area,” said Matt Nagel, chairman.
Metro purchased Willow Grove Self Storage in the Philadelphia suburb of Willow Grove, Pa., last month, and three other storage facilities in North Philadelphia suburbs for $29 million in April. It’s also building several new properties and converting existing structures to storage in Florida, Illinois and New Jersey.
Headquartered in Lake Forest, Ill., Metro Storage is a privately owned, fully integrated real estate operating company specializing in the acquisition, development and management of self-storage facilities nationwide.