U-Haul Acquires 5 Self-Storage Properties in Northern Minnesota
U-Haul announced the acquisition of five former KO Storage facilities in Minnesota's Cass and Crow Wing Counties on Nov. 7. The properties, located in the Brainerd micropolitan area, offer a total of 790 drive-up storage units. The largest facility, U-Haul Storage North Baxter in Brainerd, features 379 units, RV storage, and a retail showroom. Other locations include Baxter South (129 units), Nisswa (179 units), and two Pillager facilities (51 and 52 units). The company plans to hire up to 10 new team members to manage these properties, with a focus on veteran recruitment.
U-Haul ha annunciato l'acquisizione di cinque ex strutture KO Storage nelle contee di Cass e Crow Wing del Minnesota il 7 novembre. Le proprietà, situate nell'area micropolitana di Brainerd, offrono un totale di 790 unità di stoccaggio accessibili in auto. La più grande struttura, U-Haul Storage North Baxter a Brainerd, dispone di 379 unità, stoccaggio per camper e un showroom al dettaglio. Altre sedi includono Baxter South (129 unità), Nisswa (179 unità) e due strutture a Pillager (51 e 52 unità). L'azienda prevede di assumere fino a 10 nuovi membri del team per gestire queste proprietà, con un focus sul reclutamento di veterani.
U-Haul anunció la adquisición de cinco antiguas instalaciones de KO Storage en los condados de Cass y Crow Wing en Minnesota el 7 de noviembre. Las propiedades, ubicadas en el área micropolitana de Brainerd, ofrecen un total de 790 unidades de almacenamiento accesibles en auto. La instalación más grande, U-Haul Storage North Baxter en Brainerd, cuenta con 379 unidades, almacenamiento para casas rodantes y una sala de exhibición minorista. Otras ubicaciones incluyen Baxter South (129 unidades), Nisswa (179 unidades) y dos instalaciones en Pillager (51 y 52 unidades). La empresa planea contratar hasta 10 nuevos miembros del equipo para gestionar estas propiedades, con un enfoque en la contratación de veteranos.
U-Haul은 11월 7일 미네소타의 Cass 및 Crow Wing 카운티에 있는 5개의 이전 KO Storage 시설을 인수했다고 발표했습니다. 브레이너드 미소폴리탄 지역에 위치한 이 자산은 총 790개의 자동차 접근이 가능한 저장 유닛을 제공합니다. 가장 큰 시설인 U-Haul Storage North Baxter는 브레이너드에 있으며 379개의 유닛과 RV 저장소, 소매 전시 공간을 갖추고 있습니다. 다른 위치로는 Baxter South(129 유닛), Nisswa(179 유닛) 및 Pillager의 두 시설(각각 51 및 52 유닛)이 있습니다. 이 회사는 이러한 자산을 관리할 새로운 팀원 10명을 고용할 계획이며, 특히 재향군인 채용에 중점을 두고 있습니다.
U-Haul a annoncé l'acquisition de cinq anciens établissements KO Storage dans les comtés de Cass et Crow Wing au Minnesota le 7 novembre. Les propriétés, situées dans la région micropolitaine de Brainerd, offrent un total de 790 unités de stockage accessibles en voiture. Le plus grand établissement, U-Haul Storage North Baxter à Brainerd, comprend 379 unités, du stockage pour véhicules récréatifs et une salle d'exposition au détail. D'autres emplacements incluent Baxter South (129 unités), Nisswa (179 unités) et deux établissements à Pillager (51 et 52 unités). L'entreprise prévoit d'embaucher jusqu'à 10 nouveaux membres d'équipe pour gérer ces propriétés, en se concentrant sur le recrutement d'anciens combattants.
U-Haul gab am 7. November die Übernahme von fünf ehemaligen KO Storage-Anlagen in den Countys Cass und Crow Wing in Minnesota bekannt. Die in der mikropolitischen Region Brainerd gelegenen Immobilien bieten insgesamt 790 drive-up Lagereinheiten. Die größte Anlage, U-Haul Storage North Baxter in Brainerd, verfügt über 379 Einheiten, Wohnmobil-Stellplätze und einen Einzelhandelsausstellungsbereich. Weitere Standorte sind Baxter South (129 Einheiten), Nisswa (179 Einheiten) und zwei Einrichtungen in Pillager (51 und 52 Einheiten). Das Unternehmen plant, bis zu 10 neue Teammitglieder einzustellen, um diese Immobilien zu verwalten, wobei der Schwerpunkt auf der Rekrutierung von Veteranen liegt.
- Strategic expansion with 790 additional storage units in northern Minnesota
- Immediate revenue generation from five operational facilities
- Creation of up to 10 new local jobs
- 24/7 remote operation capability for four locations
- None.
Insights
This strategic acquisition of 5 storage facilities adds 790 drive-up units to U-Haul's portfolio in northern Minnesota, strengthening their market position in the Brainerd micropolitan area. The deal demonstrates U-Haul's continued execution of their growth strategy through acquisitions of existing facilities, which typically offers faster time-to-market and lower development risks compared to new construction. Four of the five locations will operate remotely, suggesting operational efficiency and lower overhead costs. The addition of RV storage spaces at the North Baxter location also diversifies revenue streams. While the purchase price wasn't disclosed, self-storage facilities typically generate stable cash flows with relatively low maintenance costs, making them attractive assets in the current market environment.
The expansion into northern Minnesota's self-storage market is strategically sound, targeting the growing Brainerd micropolitan area. The acquisition of former KO Storage facilities provides immediate market penetration and eliminates a competitor. The planned hiring of up to 10 new employees indicates meaningful operational scale. The mix of staffed and remote-operated facilities shows a balanced approach to operational efficiency. The 24/7 access at remote facilities meets modern consumer demands for convenience, while the staffed location in Baxter maintains a customer service presence. This multi-location presence creates operational synergies and strengthens U-Haul's competitive position in the region.
The properties, acquired in a package deal on Nov. 7, are all within the
“We are excited to offer more quality storage solutions for these communities,” said Lucy Aveen-West, the U-Haul Co. of
The facilities where customers can now rent U-Haul self-storage include:
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U-Haul Storage North Baxter at 15237 Edgewood Drive in
Brainerd offers 379 storage units; RV storage spaces, truck and trailer rentals, and moving supplies from a retail showroom are also available. -
U-Haul Storage Baxter South at 6897 Foley Road in
Baxter offers 129 storage units and will be operated remotely. -
U-Haul Storage of
Nisswa at 4745 Co Road 77 inNisswa offers 179 storage units and will be operated remotely. -
U-Haul Storage of MN-210 at 3118 MN-210 in
Pillager offers 51 storage units and will be operated remotely. -
U-Haul Storage of
Pillager at 1768 Alfalfa Trail SW offers 52 storage units and will be operated remotely.
Download the U-Haul app or call the local team at (218) 297-3018 to reserve storage at any of these facilities.
Aveen-West will hire up to 10 service-oriented Team Members to help manage and maintain the new properties. U-Haul will look to hire locally to promote job growth in northern
The
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241108753645/en/
Sydney Ellis
Jeff Lockridge
E-mail: publicrelations@uhaul.com
Phone: 602-263-6194
Website: uhaul.com
Source: U-Haul Holding Company
FAQ
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