Coeur d'Alene U-Haul plans $5 million storage building
New structure to have 681 rental spaces; some to be climate controlledApril 9th, 2009
U-Haul International Inc., the large Phoenix-based "do-it-yourself" moving and storage company, says it plans to construct a more than $5 million self-storage building in Coeur d'Alene at the location of its U-Haul Moving Center there, at 750 W. Appleway, during its next fiscal year, which starts in April.
Carlos Vizcarra, president of Amerco Real Estate Co., a subsidiary of U-Haul's parent company, Reno, Nev.-based Amerco, says the building will have 62,000 square feet of floor space and 681 storage rooms, some of which will be climate controlled.
Vizcarra says a building permit for the project has been issued by the city of Coeur d'Alene, and the project currently is out to bid. U-Haul designed the structure, which will take about eight to 10 months to construct, Vizcarra says.
U-Haul owns the 3.4-acre property on Appleway, which has two buildings there now with a total of 19,800 square feet of floor space.
The company's moving center there offers truck and trailer rentals, moving supplies, and about 7,000 square feet of storage space, and U-Haul has had an outlet there since 1983, Vizcarra says.
The new storage units will range in size from about 25 square feet to 200 square feet, says Joanne Fried, a spokeswoman for U-Haul International in Phoenix.
The Appleway location currently employs six to eight people, but will grow by about three to four employees when the new storage units are added, she says.
Vizcarra declines to say when the company plans to close the bidding on the construction project, since the price of construction continues to decline.
"We want to take full advantage of the lower cost of construction," he says.