- 93% Physical Occupancy
- Below Market Rents
- 408 Parking Space RV & Boat Storage Facility
- Angled Parking Spaces Offering Easier Parking
- 17% Revenue Growth Since 2017
- No On-Site Office or Manager Needed
- 7.8 Percent Five Year Population Growth Rate in Loveland, CO
Kangaroo RV & Boat Storage is a 408 parking space RV & Boat storage facility in Loveland, Colorado. The 10.6 acre facility is secured by a perimeter fence, keypad controlled gate, 24-hour security surveillance, and pole-mounted security cameras and security lights. Currently, no on-site office or on-site manager is necessary because new customers can rent a parking space over the phone or on the website. Additional customer amenities include 24 hour access and an on-site dumpster for trash. Most of the parking spaces are angled for ease of access and are clearly outlined with stakes and rope. Since 2017, annual revenue is up 17.2 percent because of rent increases while maintaining occupancy above 90 percent. The facility has been successful in raising rates each year and has a current physical occupancy is 93 percent.
The facility has a large sign and an access drive on the busy six lane Highway 287 which is a main north south road in northern Colorado. Daily traffic counts is 16,000 cars per day. There is an impressive 88,143 population within five miles with a 7.8 percent five year projected growth rate. Loveland, Colorado is one hour north of Denver and is the gateway to Rocky Mountain National Park.
This facility in a fast growing area of northern Colorado and offers an investor immediate cashflow. Upside will be achieved by continuing to raise rental rates and to install covered parking. This is an excellent opportunity for an investor to acquire a best in the market RV storage facility that requires minimal on-site management and costs.