Public Storage (NYSE:PSA) is opening a brand new, energy efficient self-storage location today midway between two major universities.

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Team members Dib, Reggie and Imara are ready to welcome their first customer to Public Storage 8477 ...

Team members Dib, Reggie and Imara are ready to welcome their first customer to Public Storage 8477 SW 40th Street in Miami FL 33155. The location opened Friday, August 28. (Photo: Business Wire)

The project, in the works for more than two years, adds 922 units in a six-story building near businesses and homes, including those occupied by students at the University of Miami and Florida International University, where storage is in high demand in the summer months. The newly constructed Public Storage 8477 SW 40th Street, Miami FL 33155 is on a six-lane, east-west thoroughfare also called Bird Rd.

The new energy-efficient facility employs an efficient climate control system throughout that conserves electricity by pulling in less outside air that would then need to be cooled. With Miami’s high humidity and temps in the 90’s in August, the design is expected to dramatically lower energy consumption.

Public Storage is offering all climate-control units at this location to satisfy a high demand from its customers in the area. The facility is located in a commercial corridor that is a well-known spot for a bite to eat, a trip to the gym or a quick errand. But just off the route, on either side, are condos and other homes. A few blocks down the street is the 275-acre Tropical county park.

Public Storage worked to build a location on vacant land that will meet the neighborhood’s high standards and growing storage needs.

For more information, visit PublicStorage.com. Follow Public Storage on Facebook and Twitter.

Company Information

We help customers in their time of need, whether moving, downsizing or storing for business. Public Storage was founded in 1972 with a single Southern California self-storage building. We’ve grown a bit since then, to more than 2,250 locations around the country, making us the largest in the business today and a member of the S&P 500. We offer self-storage options of all shapes and sizes and the same personal attention from on-site managers that we’ve been giving from day one. For stockholders, we are a real estate investment trust, meaning we reinvest more of our revenue back into the business and distribute a large portion to public investors in the form of dividends. Learn more about Public Storage at http://www.publicstorage.com.