Texas REO Boat & RV Storage Portfolio

Property Location

14037 China Spring Road
China Spring, TX 76633

4391 FM-51
Decatur, TX 76234

4246 Old Highway 6
Van Alstyne, TX 75495

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investment highlights

  • RECENTLY CONSTRUCTED RV & BOAT STORAGE PORTFOLIO // All three facilities were built 2022–2023, providing modern construction, wide drive aisles, tall roll‑up doors, and enhanced security features.
  • ATTRACTIVE VALUE-ADD REO OPPORTUNITY // All assets were lender‑foreclosed in late 2025 and are operating at 18% (Van Alstyne), 25% (Decatur), and 26% (China Spring) physical occupancy, positioning investors to capture significant lease‑up upside.
  • HIGH‑GROWTH TEXAS MARKETS WITH STRONG DEMOGRAPHICS // Van Alstyne has a 15.6% projected 5‑year population growth and $123K average household income within a ten‑mile radius. Decatur features $111K household incomes and traffic exposure of 7,700 vehicles/day. China Spring is positioned near Lake Waco, with $102K household incomes and 6,000+ vehicles/day.
  • SIGNIFICANT EXPANSION UPSIDE // Van Alstyne includes ~16 acres of expansion land; China Spring includes ~9.34 acres of expansion land.
  • STRATEGIC LOCATIONS ADJACENT TO MAJOR GROWTH CORRIDORS & RECREATIONAL DESTINATIONS // Van Alstyne sits directly in the DFW northward sprawl path. Decatur benefits from a position near the US‑287 corridor and proximity to Fort Worth. China Spring is minutes from Lake Waco, a demand‑generating recreation area.
  • AMENITY-RICH, PURPOSE-BUILT STORAGE FACILITIES // Features include automatic gates, digital keypad access, full‑service onsite management, 24‑hour surveillance, power at each space and wide asphalt or crushed‑rock driveways.

property summary – China Spring

China Spring Boat & RV Storage is a 258-unit, 114,240 net rentable square foot boat/RV storage facility located in China Spring, Texas which is about 10 miles west of Waco. All 258 units are covered parking spaces. The property sits on approximately 15.57 acres of land, was constructed in 2023 and has four 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 $128,000 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 26 percent physically occupied as of January 31st, 2026. Furthermore, there is approximately 9.34 acres of expansion land included in the opportunity.

property summary – Decatur

Decatur Boat & RV Storage is a 322-unit, 122,800 net rentable square foot boat/RV storage facility located in Decatur, Texas a town on the northwestern edge of greater DFW. The property sits on approximately 10.47 acres of land, was constructed in 2022, and has seven single story buildings. The unit mix consists of 64 fully enclosed storage units, 214 covered parking units, and 44 outdoor parking spaces. Decatur Boat & RV Storage has many amenities including a gated entry with a digital keypad, security lighting, surveillance camera, and 14’ high roll-up doors. The driveways are primarily asphalt but the enclosed units have concrete parking surfaces and the concrete area extends approximately 10’ on either side of the buildings.

Decatur sits about 35 miles northwest of Fort Worth along the US 287 corridor. The city is the county seat of Wise County and the facility benefits from annual household incomes that are over $132,000. The property fronts on S FM 51, which sees nearly 7,700 vehicles per day.

Decatur 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. Constructed in 2022, the facility was foreclosed on by the lender in late 2025 and is 25 percent physically occupied as of
January 31st, 2026.

property summary – Van Alstyne

Van Alstyne Boat & RV Storage totals 112,540 net rentable square feet with 252 units (101 fully enclosed units, 149 covered parking spaces, and two open parking spaces) on approximately 23.90 acres. The facility features a gated entry with key-code access, wide driveways for convenient turning radius, a full-service on-site management office, 14’ high roll-up doors, 24-hour video surveillance, and asphalt drives.

Built in 2022, the facility is in the path of DFW northward population sprawl and to some extent the southward growth of Sherman-Denison. Within a three-mile radius of the property, there is a five-year population growth projection of 13.40 percent. The Van Alstyne community and economic development corporations is projecting over 4,000 housing permits between 2026 and 2030. The trade area also benefits from a solid demographic tenant base that averages over $123,000 in annual household income.

Van Alstyne 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 18 percent physically occupied as of January 31st, 2026. Furthermore, there is approximately 16 acres of expansion land included in the opportunity.

 

Broker Information

Dave Knobler

Senior Managing Director

Phone: 713.452.4293
Email: dknobler@marcusmillichap.com
License: TX 606252

Mixson Staffel

Associate Director

Phone: 713.452.4247
Email: mstaffel@marcusmillichap.com
License: TX 748276

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

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