Caliente Springs RV & Self Storage, a 139,033-square-foot self-storage property in Desert Hot Springs, Calif., sold for $3.1 million. Built in 1994, the facility at 15305 Little Morongo Road encompasses 88,600 rentable square feet of storage space...
Boat and RV storage has evolved greatly in the last few years. New developments are building in amenities that differentiate them from the facilities constructed a decade ago, and existing operators are adding features that are helping them compete.
Vehicle storageparticularly outdoor storageis a very different business from traditional self-storage. Nowhere is the difference more distinctly drawn than when a tenant stops paying rent and the facility operator has to do something with the...