MARANA, AZ — The LeClaire Group of Marcus & Millichap (NYSE: MMI) of Denver brokered the sale of National RV Central, a 125,015-square-foot enclosed RV storage facility located at 6260 North Travel Center Drive in Marana, AZ for $6.74 million ($54 PSF). Located in the Orange Grove I-10 Plaza, the seller was also the developer of the property and the 21-acre Plaza in 2006.
Thomas Parsons, Investment Associate, and Adam Schlosser, Senior Vice President Investments, had the listing to market the property on behalf of the seller, NSS RV Central OG, Limited Partnership, a local partnership with the Schomac Group (Dennis Winans, CFO).
“This is one of the largest fully enclosed and climatized RV storage facilities in the country which helped drive interest from nationwide investors,” said Parsons. The buyer was a national private self-storage operator, In Self Storage, based in Colorado. This is the buyer’s first investment in the Tucson market.
RV Central sits on 7.03 acres and in addition to this the buyer purchased an additional 2.42 acres of vacant land for an aggregate value of $583,458 ($5.54 PSF) for future expansion. Gordon Wagner with NAI Horizon in Tucson handled the lot sales.
National RV Central is the only fully enclosed and climate-controlled RV and boat storage option in this market. Built in 2006, the facility is comprised of 112,115 NRSF of indoor climate-controlled RV storage, 5,100 NRSF of traditional drive-up self-storage, and a 7,800 NRSF service bay rented to a third party. There is no outside storage, 100 percent of the RV and boat storage is fully enclosed. The property is strategically located next to Interstate 10 (I-10).
Because of the tall buildings and prominent signage, the facility is very visible to all 110,000 vehicles which drive by each day. The property is situated in a populated area with approximately 130,279 people and 53,233 households in a five-mile radius with an average household income of $72,389.
For additional information, Parsons and Schlosser can be reached at 303.328.2068 and Wagner can be contacted at 520.398.5130.
To learn more, see RED Comp #6661, #6734 and #6738.