On Wheels Storage
Self Storage
Marketing description
MORE INFO / VIEW OFFERING MEMORANDUM: https://selfstorageadvisory.com/properties/on-wheels-storage/
CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor for On Wheels Storage, a Boat & RV storage facility strategically located within the St. Louis, MO–IL metropolitan area. St. Charles, Missouri stands out as a high-growth hub in the Greater St. Louis region, combining strong economic fundamentals with an outdoor-oriented lifestyle that supports sustained demand for specialty vehicle storage. Anchored by diverse industries including advanced manufacturing, healthcare, and logistics, the market benefits from its proximity to major highways, the Missouri River, and key recreational corridors.
St. Charles is characterized by high homeownership, lower-density residential development, and limited on-site storage options, creating structural demand for off-site Boat & RV storage. The area’s access to regional waterways, campgrounds, and recreational destinations further drives ownership of boats, RVs, trailers, and commercial vehicles. Educational institutions such as Lindenwood University and St. Charles Community College support workforce growth, while infrastructure investments — including expanded river terminals by the St. Charles County Port Authority — continue to enhance regional connectivity.
Looking ahead, large-scale developments such as the $350 million Riverpointe project, expected to generate thousands of jobs and billions in investment, are poised to further expand the customer base. With low unemployment, strong population growth, and ongoing infrastructure upgrades, St. Charles offers investors a compelling opportunity to capitalize on durable Boat & RV storage demand in a growing, supply constrained market.
Investment highlights
- Under‑Managed Operations: Facility Is Operated Without Formal Management Systems, Revenue Optimization, or Advertising
- Significant Lease‑Up Opportunity: Current Occupancy of Approximately 64% Provides Substantial Runway for Stabilization and Income Growth
- Huge Management Upside on Raising Street Rents to Market Rates: Subject Property Street Rate on a 34’ Parking is $59 Versus Local Market AVG of $78.40
- Strong Demographics: $110,072 Average Household Income and a Growing 5‑Mile Population of 117,880 With 1,253 Units in the Pipeline.
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