Investment Overview

Premium Storage stands out as one of Dallas-Fort Worth’s premier boat and RV storage facilities. The improvements, which reside on one parcel approximately 4.17 acres in size, encompass 47,891 square feet of rentable space distributed between 12 climate-controlled units, 107 covered parking spaces, and 46 uncovered parking spaces. Sizes range from 50 to 575 rentable-square feet, and feature sturdy metal buildings, garage-style roll-up doors, and standing seam metal roofs. In addition, wrought-iron perimeter fencing, personalized key-pad gate access, comprehensive camera surveillance, wide driveways, and automated remote leasing technology provide tenants with a collective level of security and convenience that remains unmatched in the local trade area. Located in the city of Mansfield, the facility, originally built in 2007 and subsequently expanded in 2017 and 2023, has consistently maintained strong occupancy levels. To be sure, as of June 2025 the facility is 85 percent physically occupied and 83 percent economically occupied. The inclusion of covered boat/RV parking enhances the facility's appeal, particularly in response to increased demand for recreational vehicles following lifestyle changes prompted by the Covid-19 pandemic. With boat/RV sales on the rise and recreational real estate development reaching unprecedented levels, this amenity presents a lucrative opportunity for investors. Priced attractively at $2,100,000, new investors stand to achieve a broker-adjusted 7.16 percent end-of-year-one unleveraged yield by implementing modest rental rate adjustments. Further aligning street rates with the submarket average could potentially yield unleveraged pro forma yields exceeding 10.8 percent during the hold period as well. Additionally, a new operator could increase the property’s value by converting 46 uncovered parking spaces into enclosed parking (although no assumptions to that effect have been made in the pro-forma operating statement).