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Business Expansion: Amerco Real Estate Buys Oakland Structure

May 21, 2010 (FinancialWire) — Amerco Real Estate, a unit of U-Haul owner Amerco (NASDAQ: UHAL), said that it has expanded the U-Haul network of self-storage locations with the purchase of an Oakland, California structure built in the 1940s as the Sunshine Biscuit Factory, later becoming a storage and industrial building.

The facility has 981 storage units with more than 206,700 square feet of self-storage, 82,850 square feet of work studios and more than 233,650 warehouse spaces for lease.

Nevada-based Amerco Real Estate Co., an affiliate of U-Haul International, Inc., has been responsible for providing real estate services to Amerco subsidiaries, which include more than 1,350 U-Haul moving and storage centers throughout the United States and Canada.

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