Former Kenai Lowe’s building sold to U-Haul

Published 5:22 pm Friday, January 4, 2019

The Kenai warehouse space and former home of Lowe’s Home Improvement has been sold, Fred Braun of Jack White Realty said.

Braun, the main broker for Jack White Realty, said the new owner, U-Haul, gets the keys to the warehouse space Monday.

Braun said he didn’t know what U-Haul planned to do with the building at this time.

The building, located on Marathon Road near WalMart, has been sitting vacant for about eight years since it was last occupied by Lowe’s. In 2008, Lowe’s built the building, but shut its doors in 2011 because the store wasn’t meeting sales expectations, according to the Associated Press.

The warehouse has 111,348-square-feet with an additional 26,568-square-feet of covered-garden center space, according to information on a brochure for the space.

The brochure lists the property at $4.2 million.