STOCK TITAN

U-Haul Announces Plans for a Fifth Company Store on Oahu

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
U-Haul to build new retail, moving, and self-storage center in Kapolei, Hawaii by fall 2025. The facility will have over 600 self-storage rooms and a separate warehouse for portable moving containers. U-Haul aims to support the growing community's self-storage and residential mobility needs. U-Haul acquired the property on Sept. 7. No specific positive or negative impacts on stock price are mentioned in the PR.
Positive
  • None.
Negative
  • None.

KAPOLEI, Hawaii, Sept. 19, 2023 /PRNewswire/ -- U-Haul® will soon present a new retail, moving and self-storage center in Kapolei thanks to the recent 4.15-acre land acquisition at 91-509 Kapolei Kai St., part of the Kapolei Business Park development.

U-Haul Moving & Storage of Kapolei is scheduled to be built by fall 2025. The proposed three-story facility on the southwest side of Oahu will have more than 600 indoor climate-controlled self-storage rooms with high-end security features at affordable price points. Preliminary plans also call for a separate warehouse to store portable moving containers.

This will be the fifth U-Haul-owned and -operated facility on Oahu and the seventh in Hawaii. U-Haul acquired the property on Sept. 7.

"Kapolei, also known as the 'second city' of Oahu, is the fastest growing area on the island," said Don Chae, U-Haul Company of Hawaii president. "There is demand for U-Haul to expand our services into Kapolei. Our goal is to support the self-storage and residential mobility needs of this rapidly growing community."

Chae intends to hire at least 10 Team Members to staff the U-Haul Moving & Storage of Kapolei store when it is built. U-Haul will look to hire locally to promote job growth within the Kapolei community. Find U-Haul careers at uhauljobs.com.

Customers will have access to truck and trailer rentals, boxes and moving supplies, towing equipment, professional hitch installation, propane and much more.

Reserve equipment on the U-Haul app or contact Reservations at 1-800-GO-UHAUL.

U-Haul dealers throughout Oahu continue to be available to serve DIY movers. U-Haul has partnered with independent dealers to provide communities with accessible mobility since 1945. During these challenging times, more than 21,000 small businesses across the U.S. and Canada are generating supplemental income by partnering with U-Haul. When customers rent from their local U-Haul dealers, they are directly supporting small businesses in their community. Because there is no financial investment from dealers, they are not U-Haul franchises. They are simply small businesses with enough lot space to park U-Haul equipment and enough time to welcome more customers while meeting the mobility needs of their neighbors. Learn how to partner with U-Haul at uhaul.com/dealer.

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 enhanced U-Haul app makes it easier for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and self-return options on their smartphones through our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 192,200 trucks, 138,500 trailers and 44,500 towing devices. U-Haul is the third largest self-storage operator in North America with 959,000 rentable units and 82.3 million square feet of self-storage space at 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. We were recently named one of America's Best Large Employers (Forbes, 2023); a Best for Vets Employer (Military Times, 2022); and one of the Healthiest Workplaces in America (Healthiest Employers, 2022). Find careers at uhauljobs.com. Get the U-Haul app from the App Store or Google Play.

Contact:

Andrea Batchelor
Jeff Lockridge
E-mail: publicrelations@uhaul.com
Phone: 602-263-6194
Website: uhaul.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/u-haul-announces-plans-for-a-fifth-company-store-on-oahu-301932294.html

SOURCE U-Haul

U-Haul Holding Company

NYSE:UHAL

UHAL Rankings

UHAL Latest News

UHAL Stock Data

13.20B
108.58M
60.9%
37.51%
0.76%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
RENO