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Self-Storage REIT Public Storage Expands Milpitas, CA, Facility

July 24, 2018

1 Min Read
Self-Storage REIT Public Storage Expands Milpitas, CA, Facility

Public Storage Inc., a self-storage real estate investment trust (REIT), has expanded its facility in Milpitas, Calif. The company added more than 700 interior, climate-controlled units to the property at 1080 Pecten Court. The site now offers more than 1,200 units. The new building was built on a former vehicle-storage lot between existing structures, according to a press release.

The facility is in Silicon Valley, near Interstate 680. It’s within walking distance of several new apartment and condominium complexes as well as a planned BART station, part of a rapid-transit, public-transportation system serving the San Francisco Bay Area, the release stated.

The REIT also recently opened a new facility in Puyallup, Wash., a suburb of Seattle, and a two-story property in Frisco, Texas.

Based in Glendale, Calif., Public Storage has interests in 2,615 self-storage facilities in 39 states, with approximately 171 million net rentable square feet. Operating under the Shurgard brand name, the company also has 223 facilities in seven European countries, with approximately 12 million net rentable square feet.

Source:
Business Wire, Public Storage Opens New Milpitas Storage Units in California

 

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