STOCK TITAN

Building Makeover: U-Haul Repurposes Kmart for Full-Service Store in Lima

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

U-Haul has completed the transformation of a former Kmart building in Lima, Ohio, into a new full-service moving and storage facility. The 104,685-square-foot facility at 2200 Allentown Road opened on November 18, 2023, featuring 700 indoor climate-controlled storage units with high-tech security. The 13.4-acre property acquisition includes an adjacent retail shopping plaza, where U-Haul will continue leasing space to existing tenants while serving as the anchor store.

This facility represents a significant upgrade from their previous location, offering 20 times more capacity. The renovation aligns with U-Haul's Adaptive Reuse program, which prevented approximately 782 tons of metal manufacturing and 5,007 tons of concrete usage, while avoiding 8,939 tons of demolition debris and 5.19 million pounds of greenhouse gas emissions.

U-Haul ha completato la trasformazione di un ex edificio Kmart a Lima, Ohio, in una nuova struttura di movimentazione e stoccaggio a servizio completo. La struttura di 104.685 piedi quadrati situata al 2200 di Allentown Road è stata inaugurata il 18 novembre 2023, e offre 700 unità di stoccaggio interne climatizzate dotate di sicurezza avanzata. L'acquisto della proprietà di 13,4 acri include una piazza commerciale adiacente, dove U-Haul continuerà ad affittare spazi ai locatari esistenti fungendo da negozio principale.

Questa struttura rappresenta un notevole miglioramento rispetto alla loro precedente sede, offrendo 20 volte più capacità. La ristrutturazione è in linea con il programma di Riutilizzo Adattivo di U-Haul, che ha evitato circa 782 tonnellate di metallo nella produzione e 5.007 tonnellate di utilizzo di calcestruzzo, evitando anche 8.939 tonnellate di detriti da demolizione e 5,19 milioni di libbre di emissioni di gas serra.

U-Haul ha completado la transformación de un antiguo edificio de Kmart en Lima, Ohio, en una nueva instalación de mudanza y almacenamiento de servicio completo. La instalación de 104,685 pies cuadrados en 2200 Allentown Road abrió el 18 de noviembre de 2023, y cuenta con 700 unidades de almacenamiento interiores con control de clima y alta seguridad. La adquisición de la propiedad de 13.4 acres incluye una plaza comercial adyacente, donde U-Haul continuará alquilando espacio a los inquilinos existentes mientras actúa como la tienda ancla.

Esta instalación representa una mejora significativa con respecto a su ubicación anterior, ofreciendo 20 veces más capacidad. La renovación se alinea con el programa de Reutilización Adaptativa de U-Haul, que evitó aproximadamente 782 toneladas de metal en la fabricación y 5,007 toneladas de uso de concreto, evitando 8,939 toneladas de escombros de demolición y 5.19 millones de libras de emisiones de gases de efecto invernadero.

U-Haul는 오하이오 리마에 위치한 구 Kmart 건물을 새로운 종합 이사 및 저장 시설로 탈바꿈했습니다. 104,685평방피트에 달하는 이 시설은 2023년 11월 18일에 개장하였으며, 700개의 실내 기후 조절 저장 유닛과 최첨단 보안 시스템을 갖추고 있습니다. 13.4에이커 규모의 부동산 인수에는 인접한 소매 쇼핑 광장이 포함되어 있으며, U-Haul은 기존 임차인에게 공간을 계속 임대하는 한편, 주 상점으로도 기능할 것입니다.

이 시설은 이전 위치보다 20배 더 많은 용량을 제공하며, U-Haul의 해양 건물 재사용 프로그램과 일치하여 약 782톤의 금속 제조와 5,007톤의 콘크리트 사용을 방지하고, 8,939톤의 철거 잔해와 5.19백만 파운드의 온실가스 배출을 피했습니다.

U-Haul a achevé la transformation d'un ancien bâtiment Kmart à Lima, Ohio, en une nouvelle installation de déménagement et de stockage à service complet. L'installation de 104 685 pieds carrés située au 2200 Allentown Road a ouvert ses portes le 18 novembre 2023, avec 700 unités de stockage intérieures climatisées dotées d'une haute sécurité. L'acquisition de cette propriété de 13,4 acres inclut une plaza commerciale adjacente, où U-Haul continuera à louer des espaces à des locataires existants tout en servant de magasin principal.

Cette installation représente une amélioration significative par rapport à leur emplacement précédent, offrant 20 fois plus de capacité. La rénovation est alignée avec le programme de Réutilisation Adaptative de U-Haul, qui a permis d'éviter environ 782 tonnes de métal de fabrication et 5 007 tonnes d'utilisation de béton, tout en évitant 8 939 tonnes de déchets de démolition et 5,19 millions de livres d'émissions de gaz à effet de serre.

U-Haul hat die Umwandlung eines ehemaligen Kmart-Gebäudes in Lima, Ohio, in eine neue Full-Service-Umzugs- und Lagerstätte abgeschlossen. Die 104.685 Quadratfuß große Einrichtung an der 2200 Allentown Road wurde am 18. November 2023 eröffnet und verfügt über 700 klimatisierte Innenlagerunites mit hochmoderner Sicherheit. Der Erwerb des 13,4 Hektar großen Grundstücks beinhaltet einen angrenzenden Einzelhandelskomplex, in dem U-Haul weiterhin Platz an bestehende Mieter vermieten wird und gleichzeitig als Hauptgeschäft fungiert.

Diese Einrichtung stellt ein signifikantes Upgrade im Vergleich zu ihrem vorherigen Standort dar und bietet 20-mal mehr Kapazität. Die Renovierung steht im Einklang mit U-Hauls Programm zur adaptiven Wiederverwendung, das etwa 782 Tonnen Metallproduktion und 5.007 Tonnen Betonverbrauch verhinderte, während es 8.939 Tonnen Abbruchabfälle und 5,19 Millionen Pfund Treibhausgasemissionen vermeidet.

Positive
  • Expansion to facility with 20x larger capacity
  • Addition of 700 new climate-controlled storage units
  • Strategic location maintaining existing retail tenants
  • Significant operational expansion from previous facility
Negative
  • None.

Insights

The adaptive reuse of a former Kmart into a U-Haul facility in Lima, Ohio represents a strategic expansion that significantly increases operational capacity. The new 104,685-square-foot facility offers 700 indoor climate-controlled storage units, marking a substantial upgrade from their previous location. This expansion aligns with growing demand for self-storage solutions in secondary markets.

The project demonstrates smart real estate utilization through the acquisition of both the main building and adjacent retail plaza. This dual-purpose approach, maintaining existing tenant relationships while establishing U-Haul as an anchor store, creates multiple revenue streams. The location's comprehensive service offering, including U-Box containers, hitch installation and future propane services, positions it as a one-stop solution for moving and storage needs.

The environmental impact savings are substantial, with the renovation preventing 5,194,159 pounds of greenhouse gas emissions and avoiding significant construction waste. This eco-friendly approach not only reduces costs but also enhances corporate image in an increasingly environmentally conscious market.

LIMA, Ohio--(BUSINESS WIRE)-- U-Haul® recently completed its adaptive reuse of the former Kmart® building at 2200 Allentown Road, and is now serving customers at the new home of U-Haul Moving & Storage of Lima.

U-Haul Moving & Storage of Lima, which houses 700 self-storage rooms at 2200 Allentown Road, opened on Nov. 18. (Photo: Business Wire)

U-Haul Moving & Storage of Lima, which houses 700 self-storage rooms at 2200 Allentown Road, opened on Nov. 18. (Photo: Business Wire)

The 13.4-acre property was acquired in 2023. U-Haul opened for business at the 104,685-square-foot facility on Nov. 18.

Implementation of the U-Haul Adaptive Reuse program led to the ecofriendly repurposing of a vacant big-box store into a state-of-the-art retail, moving and self-storage facility that offers 700 indoor climate-controlled storage units with high-tech security features at affordable price points.

U-Haul also owns the adjacent retail shopping plaza and intends to continue leasing plaza space to existing tenants, with U-Haul of Lima serving as the new anchor store for the revitalized complex.

Business hours are 7 a.m.-7 p.m. Monday-Thursday and Saturday; 7 a.m.-8 p.m. Friday and 9 a.m.-5 p.m. Sunday. Download the U-Haul app or call the store at (567) 242-2831 to reserve storage.

“Over the years, we have outgrown our store at 1608 Elida Road (where U-Haul has serviced customers since 1978) in all aspects,” said Logan Minnich, U-Haul Company of Northwestern Ohio president. “The new location features space with 20 times the capacity, so we can offer a greater selection of self-move and self-storage products. This building conversion will allow us to better serve the residents of Allen County.”

In addition to indoor storage, U-Haul of Lima offers a limited number of outdoor drive-up storage units; truck and trailer sharing services; a retail showroom with boxes and moving supplies; U-Box® portable moving containers; drive-in load/unload areas for storage customers; professional hitch installation and towing accessories; green programs like Take A Box, Leave A Box; and more.

Plans call for propane services and the use of recycled truck boxes for drive-up storage options in the future, as well as the creation of a U-Box warehouse on the property.

The 2200 Allentown Road store is one mile from the former full-service facility at 1608 Elida Road, now called U-Haul Storage of Lima. The Elida Road store is transitioning to a remote self-storage location run by the new parent store.

U-Haul Company’s Adaptive Reuse is an ecofriendly strategy for opening new stores that reduces emissions, eliminates blight and provides a faster route to the storage products and self-move services that U-Haul customers expect. By repurposing a 100,000-square-foot existing building rather than constructing a ground-up build, U-Haul prevents the use of approximately 782 tons of metal manufacturing and transportation (the amount of steel used to make 788 passenger cars); avoids 5,007 tons of new concrete pours (enough to create 101 miles of concrete blocks); keeps 8,939 tons of building and demolition debris out of landfills (avoiding 344 dump trucks traveling 7,220 miles); and stops 5,194,159 pounds of greenhouse gas emissions from entering the atmosphere (the carbon emissions of 399 large SUVs or pickups for one year).

About U-HAUL

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 192,000 trucks, 138,700 trailers and 39,500 towing devices. U-Haul is the third largest self-storage operator in North America with 1,024,000 rentable units and 88.5 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.

Sydney Ellis

Jeff Lockridge

E-mail: publicrelations@uhaul.com

Phone: 602-263-6194

Website: uhaul.com

Source: U-Haul Holding Company

FAQ

When did U-Haul open its new Lima facility at the former Kmart location (UHAL)?

U-Haul opened its new Lima facility at 2200 Allentown Road on November 18, 2023.

How many storage units does the new U-Haul Lima location (UHAL) offer?

The new U-Haul facility in Lima offers 700 indoor climate-controlled storage units.

What is the size of U-Haul's new Lima facility (UHAL)?

The new U-Haul facility in Lima occupies 104,685 square feet on a 13.4-acre property.

How much greenhouse gas emissions were avoided by U-Haul's Lima Kmart renovation (UHAL)?

The renovation prevented 5,194,159 pounds of greenhouse gas emissions, equivalent to 399 large SUVs or pickups for one year.

U-Haul Holding Company

NYSE:UHAL

UHAL Rankings

UHAL Latest News

UHAL Stock Data

12.75B
108.58M
60.9%
37.01%
0.67%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States
RENO