River Street Storage

River Street Storage is a purpose-built enclosed RV and vehicle storage facility located along M-89 in Otsego, Michigan, strategically positioned between the Grand Rapids and Kalamazoo metros with direct access to US-131. The property consists of 58 total units across 36,448 NRSF and is currently operating at 93.1% physical occupancy with strong historical cash flow and minimal advertising expense, demonstrating consistent organic demand within a supply-constrained recreational vehicle storage market. The facility features oversized 14’ doors, wide drive aisles designed for Class A motorhomes and boat maneuverability, and select units equipped with 20-amp outlets and 30-amp RV electrical service, allowing for premium rental positioning. Investors are presented with a compelling value-add opportunity through rental rate increases, as in-place rents remain approximately 41% below market averages in a market supported by nearby lakes, recreational destinations, and strong regional industrial employment drivers. 

Investment Highlights

• Purpose-built enclosed RV and vehicle storage facility, well-maintained with no outstanding cap-ex items.
• Family-owned legacy asset with strong community presence and stabilized historical cash flow.
• Stabilized asset with immediate opportunity to push rental rates within a high-demand, low-vacancy enclosed storage market.
• 93.1% physical occupancy with minimal advertising expense, reflecting strong organic demand in a supplyconstrained submarket. } Conveniently located on M-89 (±15,500 VPD) with direct access to US-131 via Exit 49, connecting the Kalamazoo and Grand Rapids metros.
• Facility features 14’ oversized doors and wide drive aisles, purpose-designed for Class A motorhome and trailered boat maneuverability. } Select units feature 20-amp outlets and 30-amp RV electrical service, a premium amenity that supports rate premiums over non-electrified competitors.
• Proximity to the Kalamazoo River, Gun Lake, and numerous all-sports lakes drives year-round boat, RV, and recreational vehicles storage demand.