Is your storage facility in an area where many residents own boats or RVs? You can enhance your customer experience and grow your business by offering enclosed RV and boat storage (or storage condos).
Demand for boat & RV storage currently exceeds supply in most areas of the country. With this rapidly growing market for boats & RVs, developing or investing in the building of enclosed storage units or storage condominiums can be lucrative for both the investor and buyer of the individual units. These types of storage units appreciate in value due to the low supply and high demand, allowing owners to capture a full return on investment and more.
Advantages of Boat & RV Storage
Other benefits of enclosed boat & RV storage include:
Customers tend to be long-term, resulting in low turnover and high occupancy rates.
Management is less intensive (fewer customers, fewer problems).
While these types of enclosed units/condos share the same basic purpose as other storage units, condo-style vehicle storage differs in significant ways from the standard rental model. First, vehicle-storage condos share many characteristics with office-warehouse or flex condos, including high and wide doors, high ceilings, wide aisles between buildings, climate control, and security features. They may also be in an industrial park or on land zoned for light industry. A big difference is that the storage condo complexes usually offer services specific to boats and RVs, such as dump stations, wash stations, maintenance, and repair.
Forge Building Company are premier commercial storage builders that construct enclosed RV and boat storage facilities. We’ve supported the self storage industry for decades, and we'll continue to do so. Our team consists of industry experts who are equipped with the knowledge and skills required to help you design and build your next project.
Location: Idaho Square Feet: 50,856 Number of Units: 64 Year Built: 2023
Rocket Storage
Location: Idaho Year Built: 2023
LuxeLocker
Location: Arizona Square Feet: 94,460 Year Built: 2023
Big Easy Storage
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Bobcat Storage
Location: Montana
Ustick Storage
Location: Idaho Square Feet: 75,533 Number of Units: 63 Year Built: 2024
Storeplace Storage
Location: Arizona Square Feet: 23,242 Number of Units: 27 Year Built: 2024
Investing in Storage Condominiums
A storage condo, like it sounds, is much like a residential condo except it is a storage unit that you own. These enclosed units are designed primarily for the rapidly growing market for boats and RVs, but can also be used to store items like classic cars, business inventory, and more. Each enclosed storage condo unit is part of a storage complex that has some shared amenities for which owners typically pay monthly dues to maintain in a similar manner as a traditional Homeowners Association.
A big difference is that the enclosed storage condo complexes usually offer services specific to boats and RVs, such as dump stations, wash stations, maintenance, and repair.