Grandstone Investment Sales is pleased to exclusively present Secure Covered & Cover All RV & Boat Storage Portfolio. It is made up of two dedicated RV, boat and vehicle storage facilities on the west side of The Villages: Secure Covered Storage at 5655 C Thomas Rd, Wildwood, FL, and Cover All Storage at 11089 N US 301, Oxford, FL. Together they offer 1,104 spaces and 318,873 rentable SF across both properties, on 31.56 combined acres. Physical occupancy is 80.2% and economic occupancy is 77.5%. Cover All’s standard rates have gone largely unchanged for more than a year, and ancillary income is nearly untapped, so a new owner has a clear path to grow revenue through active rate management and better operations. NOI is projected to grow from $1,372,913 in Year 1 to $1,572,659 in Year 5.
The portfolio is offered at $22,500,000, a 6.10% Year 1 cap rate that grows to 6.99% by Year 5. Over a 5-year hold it projects a 16.0% levered IRR and a 2.00x equity multiple. Both properties serve one of the fastest-growing retirement and seasonal markets in the country, where many homes can’t store large vehicles and dedicated covered parking is scarce. This offering is a chance to acquire a scaled, two-site position in a specialty storage niche at the gateway to The Villages.
INVESTMENT
HIGHLIGHTS
- 1,104 storage spaces across two facilities
- 318,873 SF + 463 UNCOVERED SPACES
covered rentable SF, plus uncovered vehicle storage spaces (126 Secure Covered, 337 Cover All) - 31.56 AC combined land, ±5.5 miles apart
- The Villages: top-selling master-planned community
in the U.S. - 80.2% physical occupancy (77.5% economic)
- 19.5% Wildwood net migration, 2020–2024: fastest-growing city in America
