A partnership between Metro Self Storage and Heitman has sold a six-property self-storage portfolio totaling 468,266 rentable square feet in the Philadelphia MSA and the Tampa, Sarasota and Fort Myers areas of West Florida.
JLL’s National Self-Storage team represented the seller and procured the buyer, Andover Properties. The properties were operated and managed under the Metro Self Storage brand at the time of sale and will be rebranded to Andover’s Storage King USA brand.
The portfolio consists of three properties in the Philadelphia MSA: 1354 Hook Rd. in Sharon Hill, 3952 N Providence Rd. in Newtown Square and 4440 E Bristol Rd. in Trevose. The Florida properties are 3501 Gandy Blvd. in Pinellas Park, 619 Cattlemen Rd. in Sarasota and 17625 Tamiami Trail in Fort Myers. All six facilities are very well positioned within affluent and densely populated trade areas with excellent histories of self-storage outperformance.
