Phoenix-based U-Haul International Inc., which operates nearly 1,000 self-storage locations across North America, plans to convert a Dayton, Ohio, office building to self-storage. The purchase of the property at 360 S. Main St. is expected to close on Dec. 12, according to the source.
The 83,000-square-foot structure is near U.S. Route 35, adjacent to a McDonald’s fast-food restaurant and across the street from Community Tissue Services, a provider of services to donor families and medical communities. The site is owned by Cincinnati-based McDay Ltd., which is being represented in the transaction by Charlie Hewitt, a leasing agent with real estate firm Crest Commercial Realty.
Last year, U-Haul completed a similar project at 3936 Salem Ave., also in Dayton. The transformation of the former shopping plaza adjacent to U-Haul Moving & Storage of Harrison Township added 10,026 square feet and 138 units to one of the company’s existing sites.
U-Haul converted another shopping center in Dayton to self-storage in 2015. The property at 234 and 240 N. Springboro Pike once housed Dick’s Sporting Goods and an h.h. gregg Inc. appliance store.
The operator has other conversion projects under development in several states. The projects are driven by the company’s corporate sustainability initiatives, which support infill development to help local communities lower their carbon footprint, according to company officials. U-Haul’s adaptive reuse of existing structures eliminates the amount of energy and resources required for new-construction materials and helps local cities diminish their unwanted inventory of unused buildings, officials said.
Established in 1945, U-Haul owns more than 28 million square feet of storage space.
Sources:
- Dayton Daily News: U-Haul Aims to Buy Downtown Dayton Property
