Benzinga | Jan 21, 2022 03:02PM EST

U-Haul Acquires Land To Bring Self-Storage Facility To Danville

* AMERCO (NASDAQ:UHAL) has acquired almost nine acres of land northwest of Riverview Drive and east of Park Avenue as part of its plan to bring a state-of-the-art U-Haul retail, moving, and self-storage facility to Danville. Financial terms were not disclosed.

* The U-Haul Moving & Storage of Riverview is scheduled for completion in 2023 and will feature a multi-story building encompassing more than 100,000 square feet.

* The facility will contain at least 700 indoor, ADA-accessible self-storage rooms with climate-control options and high-tech security features.

* The facility will have a spacious retail showroom and essential services like truck and trailer sharing, boxes and moving supplies, towing equipment, U-Box portable storage containers, and more.

* The company held cash and equivalents of $2.4 billion as of September 30, 2021.

* Price Action: UHAL shares traded lower by 2.39% at $622.44 on the last check Friday.