Investment Overview

A-Affordable Boat & RV Storage presents investors with a compelling value add storage opportunity located just off US Highway 380 in the Dallas-Fort Worth Metroplex. Constructed in 2023, the facility sits on 12.7 acres and includes 101,520 rentable square feet across 207 covered parking units, each equipped with a 20-amp power outlet—ideal for boats, RVs, and other recreational vehicles. Additional amenities such as an onsite dump station, air compressor, 24-hour surveillance, keypad access, and online move in capability provide a strong operational foundation for a growing tenant base. The property was foreclosed upon in May 2025, and is in the early stages of a turnaround, currently operating at just 17 percent physical occupancy. However, at the asking price of $2,500,000—only $24.63 per rentable-square-foot—this asset is being offered well below its replacement cost. Stabilized year-three projections show an 8.38 percent cap rate and nearly $101,000 in annual cash flow after debt service, with a Debt Service Coverage Ratio (DSCR) of 1.93. Attractive bank financing with interest-only options enhances the investment profile and supports a smoother lease-up period. The surrounding area is experiencing rapid growth, fueled by a surge of residential development and targeted infrastructure investment. Less than half of one-mile away, the new Farmersville 380 Business Park is adding 36,000 square feet of showroom and warehouse space. Just to the south, the 290-unit Fountainview Apartments are under construction, and nearby Lakehaven—a 460-acre master-planned community—will deliver over 1,800 single-family homes in the coming years, effectively doubling the city’s population. In total, multiple national and regional homebuilders—including Meritage Homes, Trophy Signature Homes, and Riverside Homebuilders—are actively delivering product within a 10-mile radius, with new home prices generally ranging from the mid-$200,000s to the low-$400,000s. Farmersville sits just 10 miles east of McKinney and Princeton—two of the fastest-growing suburbs in the Dallas-Fort Worth Metroplex. As residential and commercial expansion continues pushing east along the Highway 380 corridor, Farmersville is positioned to benefit from that momentum, particularly from households and businesses seeking more affordable, accessible storage options outside the urban core. With a desirable location, modern amenities, low basis, and strong surrounding demographics, this facility offers a rare chance to capitalize on a mismanaged asset in the heart of a booming growth corridor.