Metro Storage LLC, which operates the Metro Self Storage brand in 12 states, has acquired property in the Minneapolis suburb of Burnsville, Minn., on which it intends to develop a self-storage facility. Expected to open in spring 2016, the facility will be Metro’s seventh in the state.
The property at 2398 Egan Drive will include a three-story building encompassing 63,000 rentable square feet of climate-controlled storage as well as four single-story structures comprising 18,600 rentable square feet of drive-up space. It will offer a total of 775 storage units, a large office, an interior drive-thru and loading bays.
The new location is in a residential area near commercial and retail stores, according to a company press release. “Our acquisitions and development team did a great job of finding an excellent location for a new facility. It has all the things we look for to ensure success of the store,” said CEO Blair Nagel.
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. It operates more than 100 self-storage properties in 12 states comprising more than 6.5 million square feet. The company also operates in Brazil under the MetroFit brand name.
