Oklahoma RV & Boat Storage Portfolio
5400 S Anderson Road, Oklahoma City, OK 73150 United States
Oklahoma RV & Boat Storage Portfolio
5400 S Anderson Road, Oklahoma City, OK 73150 United States
OVERVIEW
The Recreational Property Advisors of Cushman & Wakefield have been retained to confidentially market the sale of a Class-A RV Storage portfolio in the Oklahoma City MSA. A+ Boat and RV Storage, located at 5400 S Anderson Road and Venture Out Boat & RV in Oklahoma City, located at 3801 E I-240 Service Rd, present an incredibly rare investment opportunity in a rapidly growing market to acquire a true Class-A, fully enclosed RV & Boat storage portfolio. Strategically positioned within 8miles of each other, the portfolio offers immediate access to Oklahoma City’s I-40 and I-240, with connectors to primary highways I-35 and I-44. The highly visible and accessible locations make them ideal for tenants seeking convenience and connectivity, drawing customers from across the metro area and beyond. Consisting of 268 fully enclosed units within a market seeing near 100% occupancy across the competitive landscape, A+ Boat & RV is a 128,834 nrsf property. This location is situated perfectly to take advantage of the 47,000+ cars per day that navigate I-40, just north of the facility. Venture Out boasts 289 units across 137,007 NRSF with immediate access to I-240 both to the east and west of the property by the I-240 service road. Currently, the portfolio is operating at an average physical occupancy of 83% and an economic occupancy of 64.5%, allowing a potential buyer to realize significant and immediate upside after taking over this mom-and-pop managed portfolio. A+ Boat & RV boasts Class-A amenities such as 60’+ wide drive aisles, power and lights in all units with 30 amps available in several of the spaces. Venture Out comes with large 65’ to 75’ wide concrete drives, a manager’s office, and an RV Dump Station, air compressor, and water station. As with A+, Venture Out has power and lights in all units, with many being upgraded to have multiple 4’ LED light fixtures and boast 20, 30, and 50amp service. Both facilities offer a number of high value, coveted 78’ and 80’ pull through units. Additionally all units are individually alarmed. With demand for vehicle storage continuing to rise, both properties offer both stable income and impressive value-add potential, making it an attractive acquisition for investors seeking durable cash flow and long-term appreciation in a high-demand asset class. The portfolio benefits from its proximity to Oklahoma City, a metropolitan statistical area experiencing steady population and residential growth. As the city grows, so does the demand for ancillary services such as RV and boat storage. This demand is further supported by the property’s close proximity to popular recreational destinations, including Lake Stanley Draper and the Oklahoma River & Boathouse District—both heavily trafficked by boating and outdoor enthusiasts who require secure, nearby storage for their vehicles. Additionally, the surrounding area features a strong RV ecosystem, with A+ Boat and RV located nearby a Love’s RV Stops, and a Camping World that sees 144K + monthly visitors and 3,000 monthly visitors respectively, indicating a robust user base. The presence of RV dealerships and service centers within the same drive radius creates natural synergies, driving consistent traffic and offering tenants access to essential RV-related services. Despite the presence of other facilities in the region, very few offer a comparable mix of strategic location, dedicated RV and boat storage features, and modern amenities that are seen across these two ideally located facilities. Lastly, existing competitors are reportedly operating at full capacity, reinforcing the undersupply of high-quality storage options and positioning this portfolio as a valuable acquisition with strong lease-up potential and long-term upside.
Details
- Sale Price:
- $19,750,000 USD
AVAILABILITIES