Investment Overview

Overview: Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3289 Marcus & Millichap, is pleased to present 5638 County Road 547, Nevada, TX — a 170-unit open-air boat and RV storage facility currently under bank ownership and available for immediate repositioning. Situated on approximately 5.0 acres within the Dallas MSA, the property comprises 169 uncovered parking spaces ranging from 468 to 715 SF and one enclosed structure, totaling 98,003 rentable SF. Originally constructed in 2024 by a father/daughter partnership, the facility was purpose-built for the lakefront storage market and features personalized keypad gated entry, 8-foot perimeter fencing, 24-hour video surveillance, and StorEDGE management software — all systems a new operator can activate with minimal ramp-up. The site's open-yard configuration also positions it as a viable IOS play for fleet, contractor, or equipment storage users seeking a fenced, gated yard with immediate access to State Highway 78. Less than 1 mile from Lake Lavon and 3 miles from the nearest public boat ramp, the location is purpose-fit for its intended use. The surrounding submarket reflects strong demographic tailwinds: average household income exceeds $115,000 within a 1–5 mile radius and the population has more than doubled since 2010, with 26% additional growth projected over the next five years.