Speciality Storage: RV + Marine
Speciality Storage RV Marine Exotics is expected to provide both significant capital appreciation and cash flow. We are capitalizing on several trends: Tremendous growth in the demand for recreational vehicles ($16 billion market) and boats with an increasing desire to live a mobile lifestyle; Covid-19 has accelerated telecommuting and emphasized benefits of exploring America; there is currently minimal competition and a shortage of high security, luxury amenity, enclosed RV, boat and exotic car, individual unit storage in Las Vegas with the closest facility 17 miles away from our location; Our location is close to both Lake Mead and the Las Vegas Strip with high car traffic counts.
- Management team has successfully redeveloped and is the owner/operator of 4 self storage facilities throughout 3 states (Nevada, Utah, Arizona)
- Storage has consistently been a Recession resistant business, historically
- Project value expected to increase 2x–2.5x of total build and land cost upon completion (capital appreciation)
- Mercadyne Automated Properties facilities have historically appreciated 2x-3x in 5 years
- Significant opportunity to further increase in value as neighborhood becomes regentrified
- Project contains approximately 48,000 net rentable sqft, expected to produce significant monthly cashflows upon stabilization. Lot size of 2.33 acres (101,495 SF).
- Affluent clientele for this storage product type leading to high occupancy and minimal price sensitivity
- Competition is limited, with currently one dedicated enclosed RV and Marine storage facility, with individual units, across the entire 135-square miles of Las Vegas, NV
- Land Purchase Price $7.38/Sqft. 8 other property comparables now selling at an average of $15.34 /Sqft
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Issuer Pixel is a global company and industry-specific video and audio sharing platform connecting companies to the world. Our video/audio platform is built on a searchable database of industry taxonomies organized by industry, sector, group, product, service and company.
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