Industrial Storage Brokers of Fort Lauderdale, Fla., recently announced the sale of an RV and boat storage property within seven days of listing at 100% of the asking price. The property, Eustis RV and Boat, features 4.21 acres with 126 parking spaces and sold for $1,325,000 ($314,727 price per acre) with an in-place cap rate of 8.24%. The site’s NOI was listed as $109,146. The buyer is a private owner of several self-storage and RV/boat storage assets.
Demographic features include total households of nearly 60,000 within a 10-mile radius and an average household income of $86,920. Recent improvements before the sale include updated surveillance and gate access control allowing for remote management; LED spotlights, a new road sign and concrete added at the entrance; and newly lined, painted parking spaces.
“The property sold at 100% of the asking price within a week of signing the listing agreement and closed within 60 days,” reports Jim Blanda, managing partner and cofounder of Industrial Storage Brokers. “That’s a testament to the strength of the RV and boat storage market.”
Industrial Storage Brokers specializes in the buying and selling of RV and boat storage facilities, industrial outside storage and industrial properties. The brokers’ expert team provides comprehensive market insights and personalized service to help clients navigate transactions with confidence, whether expanding a portfolio or searching for the perfect property. The firm is dedicated to facilitating successful real estate opportunities tailored to individual client needs. To learn more and review the company’s current listings, visit here.
