12029 W HAPPY VALLEY RD PEORIA AZ 85383
Stabilized Class A RV & Boat Storage | 95%+ Occupied Since 2020 | Loop 303 Frontage
Marketing description
Industrial Storage Brokers is proud to exclusively present HV-RV Storage, a premier Class A RV & Boat storage facility located at 12029 West Happy Valley Road in Peoria, Arizona. Completed in 2020, the facility encompasses 684 spaces across 20.42 acres and features state-of-the-art amenities including controlled gated entry, 24-hour surveillance, extra-wide paved drive aisles, covered spaces with power, wash bays, propane, dump station, ice machine, and a U-Haul rental program.
Located in Phoenix's Northwest Valley, one of the nation's fastest-growing RV & Boat storage markets, the property has been 100% occupied since opening, reflecting the tremendous and sustained demand for secure recreational storage in the region. With prime frontage on Happy Valley Road, direct access to Loop 303, and proximity to Lake Pleasant Regional Park, the asset is positioned at the center of an expanding and increasingly affluent demographic base.
Offered at $23,900,000, representing a 6.0% cap rate on in-place income of approximately $147,000/month, HV-RV Storage delivers investors immediate, stabilized cash flow paired with long-term growth potential in a supply-constrained submarket.
Investment highlights
Stabilized, best-in-class asset, Class A RV & boat storage facility completed in 2020, occupied at or above 100% since opening
674 total spaces across 20.42 acres, including covered spaces with power and uncovered options
~$145,000/month in current gross income; offered at a 6.0% cap rate on in-place income
Prime frontage on Happy Valley Road with direct access to Loop 303 and the greater Phoenix Metro
Controlled gated entry with 24-hour surveillance and extra-wide paved drive aisles
On-site income amenities: propane, U-Haul rental program, ice machine, RV wash bays, dump station, and trash disposal
Minutes from Lake Pleasant Regional Park, one of Arizona's largest and most popular recreational lakes
Surrounded by some of the fastest-growing residential communities in Peoria and northwest Phoenix, with a strong and increasingly affluent demographic base
Easy access to Phoenix Sky Harbor International and Glendale Municipal airports
Rare opportunity to acquire a stabilized, supply-constrained asset in one of the nation's most active recreational storage markets
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