U-Haul International Inc. has purchased a former AAA Self-Storage/Staples facility and U-Haul dealership in Fernandina Beach, Fla., and rebranded it as U-Haul Moving and Storage. The 50,625-square-foot building at 1830 S. 8th St. sits on 5.85 acres. It consists of 22,630 square feet of mezzanine space and 23,820 square feet of vacant retail space, which will be used for the company’s portable-storage trailers. It also has 38,553 net rentable square feet of self-storage space, including 262 units and 43 RV-parking spaces.
The acquisition of this property was driven by U-Haul’s corporate sustainability initiatives, which supports infill development to help local communities lower their carbon footprint, according to a press release. The company’s adaptive reuse of existing buildings eliminates the amount of energy and resources required for new-construction materials and helps local cities diminish their unwanted inventory of unused buildings, according to a company press release.
Established in 1945, U-Haul more than 40 million square feet of storage space at more than 1,000 owned and managed facilities throughout North America.