Service Business Analysis
Reports have shown that the national average for self storage rental is .50 per square foot. In the Lake Havasu area, self storage rates average between .38 and .50 per square foot. For RV outdoor parking storage, rates average .20 per square foot in the Havasu area. Recent market research shows very limited availability for both indoor and outdoor storage with extended waiting lists for larger size storage units.
The storage and warehouse leasing industry is one of the fastest growing sectors of commercial real estate. Nationwide, industry revenue is expected to rise over the next five years to 2023. In the Havasu area, Self Storage facilities enjoy a huge demand for boat, jet ski, and RV storage. The city of Lake Havasu anticipates tourism to expand significantly over the next 3-5 years. Annual tourism numbers have increased from 775,000 in 2008 to 835,000 in 2015. By 2020, the city is expecting a 10% increase in tourists for a total of 920,000. (Source: HavasuVision2020.com & City of Lake Havasu) Demand for storage units will grow as tourism increases in the area. Our target customer for Warrior Custom Storage and RV, LP are boat, jet ski, and rv owners who travel and play in the Havasu area.
The self storage industry really started in the late 1960’s when a few far-sighted people recognized the growing need for residential and commercial storage. The industry has doubled in size each decade since. Returns on investment have been very impressive–often twice that of other forms of real estate investment. Self storage demand has been on the rise as society has changed with more mobility, tendency to live in rental apartments with limited storage space, and the general increase in property especially leisure articles such as wind surfers, jet skis, RVs, motorcycles and atv vehicles. The cost to operate a self storage facility is minimal in comparison to other real estate type ventures leading to larger profit margins and stronger market caps.
Warrior Custom Storage and RV, LP will offer a unique storage facility to help meet the increased demand in the Havasu area. Features include:
- Custom storage units on private fenced-in 1/8 of an acre parcels.
- Build to suit storage sheds including awnings, cement pads, climate controlled, electrical outlets.
- On site security and management including 24 hour video surveillance
- Wash areas available for boats and other vehicles.
- Move-in and referral specials.
- VIP Concierge Service including Detailing, Mobile Mechanic, Fueling, and Towing.