PROPERTY DESCRIPTION: CALL FOR OFFERS DUE: MAY 10, 2017
Havasu Boat Storage is a 7.55 acre boat storage facility located in Lake Havasu City, Arizona.
The property was initially constructed in 1971 and expanded in multiple phases. There is currently 131,528 net rentable square feet comprised of 289 enclosed storage units, 22 outside parking stalls and 16,320 SF of separately rented warehouse space. As of March 2017, the facility is 98 percent physically occupied and 92 percent economically occupied. The facility consists of ten single-story buildings and offers a combination of garage-style roll up door units and surface parking stalls.
LOCATION DESCRIPTION: Lake Havasu City, home of the historic London Bridge, is located on the east shore of Lake Havasu on the Colorado River between Arizona and California. There are now currently 56,000 permanent residents in the 42 square mile city. This explosive growth in population is due mostly to the city' s strategic location and tourist appeal.
Lake Havasu City is also situated perfectly as a recreational city. It sits about 150 miles from Las Vegas, 208 miles from Phoenix, 307 miles from Los Angeles, and 313 miles from San Diego. This strategic location has allowed the city to draw tourists from multiple major metro areas, allowing this desert oasis to become one of the number one tourist destinations in Arizona.
Each year, over 2,500,000 tourists travel to the shores of Lake Havasu. The 45-mile-long lake with over 450 miles of shoreline has become known as the personal watercraft capital of the world .
