U-Haul owns over 44 million square feet of storage space
July 9, 2017: Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, is converting a JCPenney and two Kmart stores, the facilities are located in Indiana, Washington and Wisconsin.
In Spokane Valley, Wash., the former JCPenney store at 10412 E. Sprague Ave. was turned into U-Haul Moving & Storage of U-City, which opened in June to offer moving and packing supplies, trailer and truck rentals, and U-Box portable-storage containers. Renovations are underway to add 835 climate-controlled units to the 108,766-square-foot building. Until they’re available next year, U-Haul plans to use its U-Box containers as temporary rentals.
"This acquisition is all about customer convenience," said Manny Mendez, president of the U-Haul Co. of Inland Northwest. "Spokane Valley is a growing community. There aren't very many state-of-the-art self-storage facilities here. Our other [self-storage] facilities in the area are nearing [full] capacity, so we are happy to serve more customers."
A former Kmart store in Superior, Wis., is also being converted, while negotiations are underway to purchase a second Kmart big box in Muncie, Ind. U-Haul Moving & Storage of Superior recently opened a temporary showroom on the 6.22-acre property at 3015 Tower Ave. It currently offers truck and trailer rentals, moving and packing supplies, and U-Box portable-storage containers. Once the renovations are complete this fall, the 88,914-square-foot building will contain 737 climate-controlled units. Professional hitch installation will also be available.
"This building was sitting vacant, and we were able to step in to bring it back to life," said Bill Petite, president of the U-Haul Co. of Northern Minnesota. "By reusing the building, we save materials and can offer a fresh look to a deteriorating property from the 1980s. Our U-Haul adaptive reuse program enhances the entire community."
The Muncie site includes an 86,000-square-foot building. Although the property is listed for $1.1 million, the purchase price won’t be disclosed until the sale is final, according to Ed Conatser, the broker’s who’s overseeing the transaction.
Finding a new occupant for the property, which closed in 2014, has been challenging due to its inclusion on federal flood-plain maps, a source reported. It's not clear if the designation has been changed or if it’s been figured into U-Haul's plans.