Investment Overview

377 Boat & RV Storage is a 53,160-rentable-square-foot facility consisting of six single-story buildings with 130 enclosed units and 112 uncovered parking spaces. Built in 1998, the property spans approximately 7.98 acres, approximately 2.95 of which remains undeveloped and could be used for future expansion. The facility offers keypad-controlled gated access, perimeter fencing, and an on-site vehicle wash station. The property is located on US-377 (upon which approximately 5,200 vehicles travel each day) just over one-mile from Lake Texoma – one of the most visited recreational lakes in the United States. To be sure, Lake Texoma attracts more than six-million annual visitors – and supports an extensive ecosystem of demand for more than a dozen marinas, roughly 11,000 boat slips, 80 campgrounds, hundreds of hospitality units, and thousands of short-term rentals generate consistent boat / RV storage demand throughout the year. Importantly, 377 Boat & RV Storage derives numerous renters from the greater DFW area, as it is more convenient to store Boats & RVs nearby Lake Texoma and surrounding campgrounds rather than haul vehicles over long distances. The broader area is also experiencing steady residential and economic growth, highlighted by Thousand Trails RV Park, a nationally recognized campground located just minutes from the site, a newly approved 140-home subdivision in Whitesboro, and several smaller communities that are expanding north toward Lake Texoma. Major economic catalysts in nearby Sherman—most notably the multi-billion-dollar Texas Instruments and GlobalWafers semiconductor facilities—are expected to support long-term population and income growth across the region as well. 377 Boat & RV Storage is remotely managed with local boots-on-the-ground support and currently operates at 71 percent physical occupancy. Given that the current owner hasn’t raised the rates within the past twelve months, the offering also comes with significant operational upside. Offered at replacement cost at approximately $50 per square-foot, the facility delivers an attractive day-one yield with clear avenues for future revenue growth, including rate adjustments, occupancy improvement, and the ability to expand on the real estate’s undeveloped acreage.