Rio Vista Executive Boat & RV Storage, LLC is scheduled to start construction on December 13, 2021, on a 12-acre, 520-unit, solar-canopy, state-of-the-art, RV and boat storage facility in (a river town located between Sacramento and Oakland).
The partnership includes Robert Hayworth, President of Baja Construction – a nationwide carport & solar carport construction company, and co-owner of Oakley Executive RV & Boat Storage in Oakley, CA; Toy Storage Nation Board Member, Chris Koenig, and Troy Bix. The trio hopes to replicate Hayworth’s Oakley model at the Rio Vista Executive facility. Jo Beth White, also a Toy Storage Nation Board Member, provided Rio Vista Executive with the necessary site feasibility study to secure financing in November 2021. White’s study showed strong demand in Rio Vista for this product type.
Rio Vista Executive will feature 15-foot tall solar carport structures to not only provide safe, secure storage for high-end toys but also provide approximately 3 Megawatts of renewable, solar energy to the local community. Rio Vista Executive will generate enough power for 600 homes and businesses in the Rio Vista area while also providing attractive solar tax credits to the partnership plus cash flow from selling the power to a local utility, PG&E.
During the COVID-19 Pandemic, Winnebago sales nearly doubled early on in June 2020 and have continued to soar through 2021. In addition, VRBO-like services such as Outdoorsy and RVShare are seeing $1 Billion+ annual sales by providing a platform for RV owners to rent their toys by the day/week/month and getting attention from private equity firms like KKR which recently invested $100MM in RVShare. According to Fox Business, COVID restrictions introduced a new group of consumers to the RV market that wanted to travel but couldn’t use hotels or airplanes.
With this soaring demand for RVs and boats, the demand for storing these toys in a safe, clean and covered facility has never been higher! Rio Vista Executive anticipates being fully occupied upon completion of construction or within 2-3 months of being open for business.