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RMS Properties gets initial zoning approval to convert Bridgeton, MO, Walmart to self-storage facility
RMS Properties II LLC is connected to a Chicago-based investment group

August 21, 2017: RMS Properties II LLC received zoning approval from the Bridgeton, Mo., Planning and Zoning Commission on Monday to convert a former Walmart retail store to self-storage. 

The proposal includes the construction of indoor self-storage units, with no metal doors visible from the street, the source reported. During the meeting, city planner Zach Greatens said there’s demand for self-storage, and the city is “open to the use” for the empty store. However, he cautioned against creating a proliferation of storage facilities in the area. “No city is jumping up and down for self-storage,” he said.

RMS has owned the property for over a decade, according to the source. The Walmart closed five years ago after a larger store was built two miles away. The grocery store had served as an anchor for the Cypress Village Shopping Center, which is now 92 percent vacant. The site also houses several standalone buildings that include a motorcycle-repair shop and fast-food restaurants.

The company plans to add three more structures to the shopping center. The rezoning application noted the property will require fewer parking spaces.

Source: www.insideselfstorage.com