U-Haul Repurposes Indianapolis Home Improvement Center
The company purchased the 107,216-square-foot property to transform it into a self-storage facility. The redeveloped asset will comprise 1,000 units.
By Evelyn Jozsa
U-Haul Self Storage
U-Haul Moving & Storage plans to transform a former Menards home improvement center into a self-storage facility in Indianapolis. The company acquired the 107,216-square-foot asset in December.
Located at 6800 Pendleton Pike, the facility occupies 9.6 acres near Interstate 465 and is within 20 minutes of downtown Indianapolis. Built in 1961, the property will be redeveloped as a self-storage facility with 1,000 units. The storage spaces will be equipped with high-tech security features, offering indoor climate-controlled options, propane, hitch installations, 24-hour access, as well as RV, boat and vehicle storage. Another facility available includes the Take a Box, Leave a Box program.
“This acquisition gives us the ability to serve the neighborhoods in northeastern Indianapolis,” said Anthony Jones, president at U-Haul Company, in prepared remarks. “The City of Indianapolis wants to see this building reused. It has been here for more than 30 years, and the community wants us here. We are excited to grow as a local staple that’s been in operation in Indianapolis since 1970.”
In December, AMERCO, the parent company of U-Haul, acquired an unoccupied retail space in Junction, Colo.Â
Image courtesy of U-Haul
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