Metro Storage to Develop New Self-Storage Facility in Orlando, FL

Metro Storage LLC, which operates more than 100 self-storage locations in 11 states, has purchased a parcel of land in Orlando, Fla., on which it plans to build a new self-storage facility, the company’s 23rd in the state. Slated to open this fall, the property at 7627 Narcoossee Road is in Southeast Orlando, near residential communities including Lake Nona, a 7,000-acre mixed-use, planned community, and Lake Nona Medical City, a 650-acre health and life-sciences park.

Metro Storage LLC, which operates more than 100 self-storage locations in 11 states, has purchased a parcel of land in Orlando, Fla., on which it plans to build a new self-storage facility, the company’s 23rd in the state. Slated to open this fall, the property at 7627 Narcoossee Road is in Southeast Orlando, near residential communities including Lake Nona, a 7,000-acre mixed-use, planned community, and Lake Nona Medical City, a 650-acre health and life-sciences park.

The new Metro Self Storage facility will include multiple single-story buildings encompassing 100,000 rentable square feet of storage space, 70 percent of which will be climate-controlled. The property will also feature drive-up units and 100 outdoor, covered vehicle-parking spaces.

“Metro has had a strong presence in the Tampa and Southwest Florida markets for many years. This new facility has been designed to help meet the growing self-storage demands in the Orlando market,” said Matthew Nagel, chairman.

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.

Sources:

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish