Property Description
Davis Boat & RV Storage is a class “A” trophy boat and rv storage facility located in the rapidly growing Fort Worth suburb of Aledo. The facility was developed to the highest of institutional standards – all concrete driveways, steel framing and metal roofing.
Davis Boat & RV Storage has a total of 173 units. The current physical occupancy is 99% (square feet) and 93% (units). There are a total of 126 covered parking units and 41 fully enclosed parking spaces. The average unit size is an idea 473 square feet. The total lot size is 4.128 acres.
Aledo is a fast growing suburb west of Fort Worth. The area surrounding the property is being developed with new single family and commercial developments. The household income statistics are some of the strongest in DFW – $97,813 in a one mile and $101,814 is a three mile.
Current ownership has recently implemented an aggressive revenue management plan. In-place rates have increased 5-10% the last ninety days with little to no tenant pushback. A new owner will be able to continue steady price increases due to the lack of comparable facilities in the trade area. Gross income is an annualized $387,578.
