Value Add - RV & Boat Storage
Value Add - RV & Boat Storage
Marketing description
6728 Firestone Road, Jacksonville, FL 32244 presents a compelling value-add opportunity to acquire a mismanaged books and records RV and boat storage asset in the growing Jacksonville market. Currently operating as an outdoor storage facility, the property offers significant upside through professional management, rental rate optimization, improved marketing, enhanced security infrastructure, and the implementation of modern revenue management practices. The RV and Boat storage sector continues to benefit from strong consumer demand driven by increasing recreational vehicle ownership and limited storage options in residential communities, creating durable occupancy and pricing power. The property's existing use, combined with the potential to improve curb appeal, tenant experience, operational efficiency, and site utilization, provides a clear path to increasing net operating income and unlocking substantial value. Investors have the opportunity to transform an underperforming asset into a stabilized, cash-flowing storage facility positioned to capitalize on Jacksonville's population growth and expanding recreational vehicle market.
Investment highlights
·Below Market Rents Create Immediate Upside: Current rental rates are below market pricing, providing investors with a clear path to increase revenue through phased adjustments while maintaining a competitive position.
·Secured 24 / 7 access: Fully operational and secured featuring 8 surveillance cameras, fully fenced and an entrance horn procuring a stabilized yard.
·Size & Capacity: This 4.66-acre parcel provides ample size with ease of access and maneuverability.
·Income Stability: Immediate cash flow with Month-to-Month leases delivers consistent revenue while allowing flexibility for rent increases in a high-demand market.
·Strong Demand for RV & Boat Storage: Growing ownership of recreational vehicles and boats continues to drive demand for secure outdoor storage.
·Opportunity to Modernize Operations: implementing upgrades can further enhance revenue growth.
·Population & E-Commerce Growth: Jacksonville’s population growth will continue to increase the demand for RV & Boat Storage yards.
·Resilient Asset Class: Storage assets have historically performed well during inflationary periods due to short term lease structure. Low CapEx and low maintenance contribute to strong cash on cash returns due to limited operating expenses and reoccurring revenues.
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