The U-Haul Co. of Iowa has purchased and renovated 16th Avenue Storage in Cedar Rapids, Iowa, a self-storage business consisting of 11 single-story buildings and a two-story office and apartment on 5.4 acres of land. The facility at 1550 16th Ave. SW contains 61,530 square feet of storage space and 45 RV-parking spaces. It will be rebranded as U-Haul Moving and Storage of Cedar Rapids.
The facility also offers U-Haul truck and trailer rentals as well as towing equipment.
“The building was in disrepair and close to being functionally obsolete,” said Randy Dickson, marketing company president of The U-Haul Co. of Iowa. “We are glad to be able to save this facility, refurbish it and offer a superior product to our customers."”
The acquisition was driven by U-Haul’s corporate sustainability initiatives, which supports infill development to help local communities lower their carbon footprint, according to a company press release. U-Haul’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, U-Haul officials said.
Established in 1945, U-Haul International Inc. has more than 40 million square feet of storage space at more than 1,000 owned and managed facilities throughout North America.