The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors for the sale of the two property Ameripark RV and Boat Storage portfolio.
Ameripark represents an extremely rare opportunity to acquire a two property RV portfolio within one of the most sought-after counties for real estate in the U.S., Maricopa County. Combined, these two facilities consist of just under 15 acres of RV & Boat storage and average over 96% physical occupancy. Investors can realize a tremendous amount of upside by simply increasing in place rents to market at each property, as well as, taking advantage of additional multiple streams of income. Each property is strategically located within their respective jurisdictions to take advantage of HOA limitations, high traffic counts and an overall underserved RV Storage market.
The Ameripark Tempe location is an infill facility surrounded by 115,000+ residents in the three mile and is complemented by an average household income of $114,000. At 3.9 acres and totaling 190 units this facility has consistently seen a physical occupancy of 96%+ year over year. Direct access can be found less than two miles off of the I-10 and Warner Rd exit. The lack of developable land within Tempe makes this facility one of the only RV/Boat storage locations within the immediate market. The Ameripark Queen Creek facility consists of 10.39 acres of 470 units. The average household income in the 3 mile is an astonishing $125,000 with an historic growth rate of 9.4% y-o-y from 2010 to 2020. Due to the significant influx of people moving to Arizona there are a number of new and proposed roadways as well as housing developments within the vicinity of this property which will only drive the need for more storage. Highway 24 is being expanded north of the property which will drive a significant amount of new housing developments within the immediate area.
This portfolio is the ideal opportunity to acquire a long established, well performing, RV Storage platform residing within two of the most sought-after cities within Maricopa County. Each property offers unrivaled demographics, along with significant barriers to entry with Tempe and incredible future housing/population growth with Queen Creek. The portfolio allows for immediate scale and management upside day one which, in turn, offers a new owner the opportunity to realize significant upside in both short and long-term cash flow.