The U-Haul Co. of Fargo purchased The Vault Nightclub in Sioux Falls, S.D., and plans to convert it into a self-storage facility. The property at 1501 W. 10th St. has three separate parcels of land and multiple buildings containing 66,331 square feet. U-Haul is operating its moving services at 923 W 11th St.
When complete, U-Haul Moving and Storage of Sioux Falls will offer 24-hour security with electronically controlled access, digital video surveillance, some climate-controlled units and tenant insurance. It will also feature drive-up access and extended hours of operation.
"We are excited to have this opportunity to expand U-Haul self-storage operations in Sioux Falls. With this purchase, we are better equipped to meet our customers' current and future storage needs by expanding our presence in the local community," said Shawn Odden, president, U-Haul Company of Fargo.
Dennis Breske and Bill Connelly of NAI Sioux Falls oversaw the acquisition.
According to The Vault’s website, the nightclub was open for three years and provided a large dance floor, music powered by a DJ, towering ceilings and a VIP area.
Established in 1945, U-Haul has 36 million square feet of storage space at more than 1,000 owned and managed facilities throughout North America.