Note: Property is being sold in conjunction with Decatur Boat & RV Storage and Van Alstyne Boat & RV Storage and each asset can be purchased separately or as a portfolio.
investment highlights
- MODERN 2023 CONSTRUCTION // Newly built 94,080 NRSF boat & RV storage facility on 15.57 acres with three single-story buildings.
- 202 TOTAL UNITS, ALL COVERED PARKING SPACE // Amenities include gated digital keypad entry, security lighting, surveillance cameras throughout, power in each space, and wide crushed rock drive aisles providing excellent turning radius.
- LOCATED JUST MINUTES FROM LAKE WACO // A major regional recreation destination that drives consistent boat and RV storage demand. Additionally, the surrounding households average $102,000+ in annual income, supporting long term utilization of premium storage.
- HIGH VISIBILITY FRONTAGE ON CHINA SPRING ROAD // Over 6,000 vehicles per day provides strong exposure and drive by demand.
- EXCITING REO ACQUISITION THAT FORECLOSED IN LATE 2025 // At $12.76/NRSF the asset delivers an entry point at a substantial discount to stabilized value.
- VALUE ADD LEASE UP OPPORTUNITY // The facility is currently 28 percent physically occupied (as of May 31, 2026), presenting meaningful upside through lease up and revenue management. The offering also includes approximately 9.34 acres of additional land, enabling future development or phased expansion.
property summary
China Spring Boat & RV Storage is a 202-unit, 94,080 net rentable square foot boat/RV storage facility located in China Spring, Texas which is about 10 miles west of Waco. All 202 units are covered parking spaces. The property sits on approximately 15.57 acres of land, was constructed in 2023 and has three single-story buildings. China Spring Boat & RV Storage has many amenities including a gated entry with a digital keypad, security lighting, surveillance cameras throughout the property and power in each space. Finished with crushed rock, the wide driveways and provide a convenient turning radius.
China Spring Boat & RV Storage sits just minutes from Lake Waco which is a popular recreational area. The facility also benefits from annual household incomes that are over $102,000 and fronts on China Spring Road where over 6,000 vehicles pass by the property daily.
China Spring Boat & RV Storage offers the opportunity to purchase a recently constructed property in a growing area at a purchase price that would be far below stabilized value. The facility was constructed in 2022 and was foreclosed on by the lender in late 2025 and is only 28 percent physically occupied as of May 31st, 2026. Furthermore, there are approximately 9.34 acres of expansion land included in the opportunity.
