Palm Springs self-storage gets new owner

A limited liability company has sold a large self-storage facility in Palm Springs, Calif., for an undisclosed price.

Palm Springs Self Storage LLC c/o Granite Investment Corp. unloaded the 107,910-square-foot building on buyer Public Storage.

Located at 1000 S. Gene Autry Trail, the 805-unit asset was approximately 60 percent occupied at the time of sale. The project opened in September 2006 and leased approximately 60,000 square feet in its first year of operation, according to a press statement.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.