U-Haul Acquires Former Extra Space Storage Facility in Minneapolis
U-Haul® has acquired a former Extra Space Storage® facility in Minneapolis, marking its fourth retail, moving and storage center in the city and 39th company store in Minnesota. The facility at 1717 W. River Road N. opened on November 19, featuring 975 indoor climate-controlled and heated self-storage rooms. The two-story building, situated on 2.63 acres, offers covered drive-in load/unload areas and will soon provide access to U-Haul moving trucks, trailers, and moving supplies. The company plans to hire up to eight Team Members to staff the facility, prioritizing local hiring to promote job growth in Minneapolis.
U-Haul® ha acquisito una precedente struttura di Extra Space Storage® a Minneapolis, segnando il suo quarto centro di vendita, traslochi e stoccaggio nella città e il 39° negozio dell'azienda in Minnesota. La struttura situata al 1717 W. River Road N. ha aperto il 19 novembre, offrendo 975 stanze di deposito interne con controllo climatico e riscaldamento. L'edificio a due piani, situato su 2,63 acri, dispone di aree coperte per carico e scarico e presto fornirà accesso a camion, rimorchi e forniture per traslochi U-Haul. L'azienda prevede di assumere fino a otto membri del team per gestire la struttura, dando priorità all'assunzione locale per promuovere la crescita occupazionale a Minneapolis.
U-Haul® ha adquirido una antigua instalación de Extra Space Storage® en Minneapolis, marcando su cuarto centro de venta, mudanza y almacenamiento en la ciudad y la tienda número 39 de la compañía en Minnesota. La instalación ubicada en 1717 W. River Road N. abrió el 19 de noviembre, presentando 975 habitaciones de autoalmacenamiento interiores con control climático y calefacción. El edificio de dos pisos, situado en 2.63 acres, ofrece áreas cubiertas para carga y descarga y pronto proporcionará acceso a camiones, remolques y suministros para mudanzas de U-Haul. La empresa planea contratar hasta ocho miembros del equipo para trabajar en la instalación, dando prioridad a la contratación local para promover el crecimiento laboral en Minneapolis.
U-Haul®은 미니애폴리스에 있는 이전 Extra Space Storage® 시설을 인수하였으며, 이는 도시에서 네 번째 소매, 이동 및 저장 센터이자 미네소타에서 39번째 회사 매장입니다. 1717 W. River Road N.에 위치한 이 시설은 11월 19일에 개장하여 975개의 기후 조절 및 난방된 실내 셀프 저장 방을 제공합니다. 2.63에이커의 부지에 위치한 이 2층 건물은 덮인 하역 구역을 제공하며, 곧 U-Haul 이사 트럭, 트레일러 및 이사 용품에 접근할 수 있게 됩니다. 회사는 시설을 운영하기 위해 최대 8명의 팀원을 고용할 계획이며, 미니애폴리스를 위한 일자리 성장을 촉진하기 위해 지역 고용을 우선시하고 있습니다.
U-Haul® a acquis un ancien établissement Extra Space Storage® à Minneapolis, marquant son quatrième centre de vente, de déménagement et de stockage dans la ville et le 39ème magasin de l'entreprise au Minnesota. L'établissement situé au 1717 W. River Road N. a ouvert ses portes le 19 novembre, avec 975 salles de stockage intérieures climatisées et chauffées. Le bâtiment de deux étages, situé sur 2,63 acres, offre des zones de chargement/déchargement couvertes et fournira bientôt un accès aux camions de déménagement, remorques et fournitures U-Haul. L'entreprise prévoit d'embaucher jusqu'à huit membres d'équipe pour gérer l'établissement, avec une priorité à l'embauche locale afin de promouvoir la croissance de l'emploi à Minneapolis.
U-Haul® hat eine frühere Extra Space Storage®-Einrichtung in Minneapolis erworben, was das vierte Verkaufs-, Umzugs- und Lagerzentrum der Stadt und den 39. Unternehmensstandort in Minnesota markiert. Die Einrichtung in der 1717 W. River Road N. wurde am 19. November eröffnet und bietet 975 klimatisierte und beheizte Innenlageräume. Das zweigeschossige Gebäude, das sich auf 2,63 Acres erstreckt, bietet überdachte Be- und Entladebereiche und wird bald Zugang zu U-Haul-Umzugsfahrzeugen, Anhängern und Umzugsbedarf bieten. Das Unternehmen plant, bis zu acht Teammitglieder für die Einrichtung einzustellen und legt den Schwerpunkt auf lokale Einstellungen, um das Beschäftigungswachstum in Minneapolis zu fördern.
- Expansion of U-Haul's presence with 39th location in Minnesota
- Addition of 975 storage units to revenue-generating capacity
- Strategic location acquisition in Minneapolis market
- Creation of up to 8 new local jobs
- None.
Insights
This strategic acquisition strengthens U-Haul's market position in Minneapolis with a 975-unit climate-controlled facility. The 2.63-acre property represents significant value in the competitive self-storage market, particularly given its location and existing infrastructure. The covered drive-in areas and climate control features command premium rates in Minnesota's weather conditions.
The timing is opportune as self-storage demand remains robust in urban markets. This turnkey acquisition allows immediate revenue generation while minimizing development costs and risks. The planned addition of moving truck rentals and retail supplies creates multiple revenue streams, typical of U-Haul's successful business model. The facility's location in north Minneapolis fills a service gap in U-Haul's network, potentially capturing market share from competitors.
The Minneapolis self-storage market shows strong fundamentals with steady population growth and high apartment occupancy rates driving storage demand. This acquisition from Extra Space Storage, a major competitor, reduces market fragmentation and strengthens U-Haul's competitive position. The planned hiring of eight local employees indicates confidence in operational scalability.
The facility's integration into U-Haul's network offers operational synergies through their proprietary app-based reservation system and established brand presence. The expansion marks U-Haul's 39th location in Minnesota, demonstrating continued market penetration in key metropolitan areas. The additional services planned for the location align with U-Haul's successful cross-selling strategy.
975-unit property on West River Road becomes the Company’s 39th center operating in
U-Haul Moving & Storage at West River Road that houses 975 self-storage rooms at 1717 W. River Road N. opened on Nov. 19. (Photo: Business Wire)
U-Haul Moving & Storage at West River Road at 1717 W. River Road N. opened under U-Haul management on Nov. 19 after being acquired on Nov. 18.
The two-story building sits on 2.63 acres and was previously an Extra Space Storage® business. It houses a variety of 975 indoor climate-controlled and heated self-storage rooms available for rent at affordable price points. Covered drive-in load/unload areas offer protection from the weather.
Customers will soon have access to U-Haul moving trucks and trailers; boxes and moving supplies from a retail showroom; and sustainability initiatives like the Take A Box, Leave A Box program.
Store hours are 9 a.m.-5 p.m. Monday to Saturday. Reserve storage and moving equipment on the U-Haul app or call our West River Road team at (612) 404-2375.
“We are excited to offer a new U-Haul storage location to the north
Aveen-West intends to hire as many as eight Team Members to staff the facility. U-Haul will look to hire locally to promote job growth within 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/20241121827078/en/
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 (UHAL) acquire the Extra Space Storage facility in Minneapolis?
How many storage units does U-Haul's new Minneapolis West River Road facility have?
What is the address of U-Haul's new Minneapolis storage facility?
How many U-Haul locations are now operating in Minnesota after this acquisition?
