Investment Overview

Marcus & Millichap has been selected to exclusively market the sale of Combs RV & Boat Storage, a Class-A RV Storage opportunity in St. Louis, Missouri. Situated on approximately 15.1 acres and spanning just over 249,900 net rentable square feet, Combs RV & Boat Storage offers a total of 605 RV and Boat spaces, both covered and uncovered. The first phase, completed in 2021 and consisting of 250 spaces, saw extremely fast, full stabilization within just three months. The current 61.7 percent physical occupancy is the result of the additional 10-acre expansion that the owners implemented less than a year ago due to the growing need for additional spaces within this market. This state-of-the-art facility also includes solar panels on a few of the canopies bringing the total electric bill down from $1800 per month to $80 per month, allowing for day one savings and increased revenue. Interstate 55 sits directly adjacent to the Combs facility and allows for incredibly high visibility of the property from the over 60,000 vehicles that travel the interstate daily. The facility serves not only Jefferson County but also draws renters from Arnold which is the next town north of the facility. Combs RV & Boat Storage is the first Class-A RV Storage location situated south of South City and South St. Louis. The unrivaled location paired with a five-mile median household income and population of $80,416 and 73,954, respectively, represents just a few of the key drivers for the initial accelerated lease-up. Combs RV & Boat Storage will allow an investor to realize significant revenue growth by implementing both rental rate and occupancy increases at the only true Class-A RV Storage facility within 10 miles. Additionally, with current amenities offerings including solar, trickle charge to each space, a dump station, ice, and True Grid, just to name a few, Combs RV is the true definition of a Class-A facility serving Class-A tenants.