U-Haul will expand its local operations with its recent acquisition of a Waukesha self-storage facility, according to a news release announcing the sale.
State real estate records indicate that U-Haul's parent company, Amerco, on April 24 purchased The Vault of Waukesha self-storage facility, 1450 S. West Ave., for about $7.6 million.
The company bought another Vault location in Menomonee Falls the same day for approximately $9.4 million. Both properties are within 15 miles of each other.
U-Haul will expand at the Menomonee Falls location as well, according to a spokesperson.
The Waukesha Vault location was built in 2014. The 582-unit, 64,648-square-foot facility opened and expanded to twice its original size in 2015, the news release said. The property is situated less than one mile from Les Paul Parkway/Highway 59 and less than five miles from Interstate 94 on the city's south side.
The announcement of U-Haul's continued expansion comes about two months after the city's plan commission approved final design plans for a U-Haul facility in the former Jewel-Osco grocery store at the corner of Highway 164 and Arcadian Avenue.
The store had been vacant since 2008.