U-Haul has broken ground on U-Haul Moving & Storage of Veterans Parkway, a 1,400-unit self-storage facility in Sioux Falls, South Dakota. Completion is scheduled for early 2025.
The development will comprise two three-story buildings encompassing 700 units each. Plans also call for a separate warehouse including 1,250 mobile storage containers. Amenities are slated to feature climate-controlled units, around-the-clock access, as well as security.
Located at 3500 Powder House Road, the project is bordered by State Route 11 to the east, while State Route 42 is some 2 miles north. Downtown Sioux Falls is 6 miles northwest. Four other storage facilities within a 3-mile radius providing residents with 4.7 net rentable square feet per capita.
In February, U-Haul broke ground on another South Dakota storage facility. The building will rise on a 7.5-acre site in Rapid City, S.D., and is set to boost the firm’s footprint by 80,000 rentable square feet upon completion.
Apart from U-Haul Moving & Storage of Veterans Parkway, South Dakota’s self-storage pipeline comprised more than 70,000 rentable square feet across five projects in all stages of development—three of which being expansions—as of April.
