STOCK TITAN

U-Haul of University Park will Cater to Notre Dame Students

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

U-Haul has acquired 11.23 acres at 16963 Douglas Road in Mishawaka, Indiana, to build a new retail, moving, and self-storage facility named U-Haul Moving & Storage of University Park.

Scheduled to open by summer 2026, the facility will offer 967 climate-controlled storage units and various services, including truck and trailer rentals, moving supplies, and professional hitch installation.

Located 1.3 miles from the University of Notre Dame, it aims to serve students and staff. U-Haul plans to hire up to 17 local employees and will emphasize veteran recruitment.

This new location will be U-Haul's fourth self-storage property in Mishawaka and continues their environmental initiatives through shared-use business models and sustainable practices.

Positive
  • U-Haul's acquisition of 11.23 acres for a new facility indicates strong investment and expansion, potentially boosting future revenue.
  • The facility will offer 967 climate-controlled storage units, meeting a significant demand in the community.
  • The new location will be just 1.3 miles from the University of Notre Dame, ensuring a steady customer base from students and staff.
  • U-Haul plans to create up to 17 new jobs, contributing to local employment.
  • The company's focus on veteran recruitment enhances its reputation as a socially responsible employer.
  • The facility will provide a wide range of services, including truck and trailer rentals, moving supplies, and professional hitch installation, diversifying revenue streams.
  • U-Haul's ongoing environmental initiatives, such as shared-use business models and sustainable practices, may attract eco-conscious customers.
  • Recognition as the 2023 Best in Biz gold winner for the Most Environmentally Friendly Service of the Year strengthens U-Haul's brand image.
Negative
  • The project's completion is slated for summer 2026, representing a long-term investment with delayed returns.
  • Significant upfront costs are associated with purchasing the 11.23-acre lot and constructing the facility, impacting short-term financials.
  • Economic downturns or changes in university enrollment could affect the anticipated customer base from the University of Notre Dame.
  • The competitive self-storage market in Mishawaka may pressure pricing and occupancy rates.

Ready by summer 2026, the state-of-the-art storage facility will offer 967 climate-controlled units for rent

MISHAWAKA, Ind., May 30, 2024 /PRNewswire/ -- U-Haul® has strengthened its investment in Mishawaka, purchasing 11.23 acres at 16963 Douglas Road where a new retail, moving and self-storage facility will be built.

U-Haul Moving & Storage of University Park is slated for completion by summer 2026. The lot was acquired on May 15 and will be home to the fourth U-Haul-owned and -operated self-storage property in Mishawaka.

The facility will be just 1.3 miles from the University of Notre Dame, offering convenient mobility and storage solutions for Fighting Irish students and staff.

Download the U-Haul app or contact Reservations at 1-800-GO-UHAUL.

U-Haul of University Park will be a full-service center. It will feature a three-story building showcasing 967 indoor climate-controlled self-storage rooms with high-tech security features at affordable prices. Plans also call for truck and trailer rentals, boxes and moving supplies, towing equipment and professional hitch installation, U-Box® portable moving containers, propane and more.

"We are excited to make trusted U-Haul products and services even more convenient for Mishawaka residents and the wonderful people associated with the University of Notre Dame," said Ray Powell, U-Haul Company of Northern Indiana and South Cook County president. "We look forward to being a good neighbor by building a beautiful facility, creating jobs and meeting a basic need for this growing community."

Powell plans to hire up to 17 Team Members to staff the new store when ready. U-Haul will look to hire locally to promote job growth in the Mishawaka community. U-Haul, honored as a Best for Vets employer by The Military Times, actively recruits veterans and gives them preference in the hiring process. Find U-Haul careers at uhauljobs.com.

Until the University Park store is ready, customers can find U-Haul moving and self-storage services at the following Mishawaka stores:

U-Haul continues to benefit the environment through its shared-use business model. Truck and trailer sharing enables communities to share moving equipment so that families and individuals don't need to own large-capacity vehicles to transfer belongings. Sustainability initiatives like U-Haul Adaptive Reuse (the preserving and repurposing of existing buildings for new stores), truck modifications to improve fuel economy, and plastic Ready-To-Go Boxes® that are shared hundreds of times before being recycled are among the many ways U-Haul promotes green business. U-Box Load Share, the Company's latest sustainability program, was recently named the 2023 Best in Biz gold winner for the Most Environmentally Friendly Service of the 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 188,700 trucks, 139,400 trailers and 43,700 towing devices. U-Haul is the third largest self-storage operator in North America with 1,004,000 rentable units and 86.8 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.

Contact: 

Yasmine Esparza
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-of-university-park-will-cater-to-notre-dame-students-302158784.html

SOURCE U-Haul

FAQ

What is the expected completion date for U-Haul Moving & Storage of University Park?

The facility is scheduled to open by summer 2026.

How many storage units will U-Haul of University Park offer?

The facility will offer 967 climate-controlled storage units.

What services will U-Haul of University Park provide?

The facility will offer truck and trailer rentals, moving supplies, professional hitch installation, and more.

How close is U-Haul of University Park to the University of Notre Dame?

The facility is located 1.3 miles from the University of Notre Dame.

How many jobs will U-Haul of University Park create?

U-Haul plans to hire up to 17 employees for the new facility.

What sustainability initiatives does U-Haul promote?

U-Haul promotes adaptive reuse, truck modifications for fuel economy, and the use of recyclable plastic Ready-To-Go Boxes.

Has U-Haul received any recent awards for its services?

Yes, U-Haul's U-Box Load Share program was named the 2023 Best in Biz gold winner for the Most Environmentally Friendly Service of the Year.

U-Haul Holding Company

NYSE:UHAL

UHAL Rankings

UHAL Latest News

UHAL Stock Data

13.08B
19.61M
60.9%
36.68%
0.78%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
RENO