Cushman & Wakefield Industrial Team Sole Representation on Sale
PHOENIX, Nov. 28, 2018 – Cushman & Wakefield completed the sale of RV Harbor, located at 13516 W. Foxfire Drive in Surprise, Ariz., for $7.5 million. ADV Surprise Property Owner, LLC of McKinney, Texas purchased the property from RV Harbor LLC of Surprise.
Cushman & Wakefield’s Executive Directors Paul Boyle and Rick Danis represented both the buyer and the seller.
RV Harbor is a 201,476-square-foot canopy RV and boat storage facility. Built in 2003, the property has a total of 421 spaces and is currently 90.5% occupied. Unlike most other RV and boat storage facilities in the Valley, every parking space at RV Harbor is covered or fully enclosed
“The RV and boat storage industry continues to increase in popularity with both investors and developers,” said Paul Boyle. “Advantage Storage has historically been focused on existing self-storage facilities. RV Harbor represents their first acquisition in the RV and boat storage business.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.