BlueGate Boat & RV Storage, a fast-growing provider of premium recreational vehicle and boat storage, has acquired a 339,766-square-foot storage facility in the Phoenix MSA as part of its $250-million joint venture with GEM Realty Capital. Now operating as BlueGate El Mirage, the facility (formerly known as Coyote Pass RV & Mini Storage) is located at 9355 North El Mirage Road in El Mirage.
This is the first strategic investment by BlueGate through its national partnership with GEM, aimed at rapidly scaling the company’s portfolio of institutional-quality storage facilities for outdoor enthusiasts in high-demand markets across the U.S. BlueGate currently owns and operates 14 storage facilities and two marinas across six states, with two more facilities under construction and openings slated for Tennessee and Florida later this summer.
“This acquisition reflects our broader strategy to institutionalize an often-overlooked asset class by delivering secure, Class A storage solutions to the rapidly growing base of RV and boat owners across the country,” said Neil Dyer, President of BlueGate. “The El Mirage property is emblematic of the markets we’re targeting; high-growth residential corridors with limited compliant storage options and strong demand for secure, well-managed facilities.”
BlueGate El Mirage includes 1,004 rentable units across a mix of covered, uncovered and indoor parking options, along with 24,850 square feet of traditional self storage space. The facility features on-site amenities such as a wash station, dump station, air stations and full video surveillance. It is close to two major outdoor destinations, Lake Pleasant Regional Park and White Tank Mountain Regional Park.Â
Located adjacent to CenterPoint Logistics Park, a planned 1,400-acre industrial hub, the highly occupied facility benefits from over 54,800 existing homes and more than 400 new homes currently planned or under construction within a five-mile radius.
BlueGate plans to invest significantly in the property to enhance operational efficiency and customer experience, including automating the leasing office with keypad entry systems, implementing remote management technology, upgrading lighting and surveillance and rebranding the facility to reflect BlueGate’s institutional standards.
“By leveraging the strength of the Madison Capital Group Holdings platform, BlueGate is able to scale proven operating businesses into national leaders,” said Ryan Hanks, CEO of Madison Capital Group Holdings, the parent company of BlueGate. “Our partnership with GEM Realty Capital gives us the firepower to execute quickly and at scale in a fragmented sector that’s positioned for consolidation.”
About BlueGate
BlueGate provides premium, secure storage solutions tailored for boats, recreational vehicles and fleet vehicles. Its facilities feature spacious covered units, advanced security and convenient locations with easy access, wide drive aisles and protection from the elements. A subsidiary of Madison Capital Group Holdings, BlueGate is headquartered in Charlotte, N.C. Learn more by visiting bluegateboatrv.com.
About GEM Realty Capital
GEM Realty Capital is a strategically integrated real estate investment firm with approximately $6 billion in AUM. Founded in 1994 and headquartered in Chicago, GEM tactically invests across all four quadrants of U.S. real estate: public, private, debt and equity. Grounded in fundamental real estate analysis, GEM seeks to leverage its extensive experience to anticipate market shifts, navigate periods of economic uncertainty, and identify compelling investment opportunities. For more information visit https://gemrc.com/.Â
About Madison Capital Group Holdings
Headquartered in Charlotte, North Carolina, Madison Capital Group Holdings is a privately held real estate investment and development firm focused on the self-storage, multifamily, and alternative storage sectors. The company is the parent of Go Store It Self-Storage, one of the fastest-growing privately operated storage platforms in the U.S., and Madison Communities, a vertically integrated firm specializing in the development of high-quality, suburban garden-style apartment communities across the Southeast.
Additional affiliates include BlueGate, a national platform for boat and RV storage and marina investments; Madison Commercial, which focuses on select retail and commercial real estate opportunities; BenCo Construction, the in-house general contracting firm supporting vertical development; and Madison Capital Markets, the investment management division offering direct real estate investments and tax-advantaged solutions. For more information, visit www.madisoncapgroup.comÂ
