BlueGate Boat & RV Storage has entered the Phoenix market with the acquisition of BlueGate El Mirage.
BlueGate Boat & RV Storage has acquired a 339,766sqft storage facility in the Phoenix, US, as part of its $250 million joint venture with GEM Realty Capital.
The facility, renamed as BlueGate El Mirage, from Coyote Pass RV & Mini Storage, is the first investment by BlueGate through its national partnership with GEM, aimed at scaling the company’s portfolio of storage facilities in high-demand markets across the US.
BlueGate currently owns and operates 14 storage facilities and two marinas across six states, with two more facilities under construction and openings planned for Tennessee and Florida later this summer.
“This acquisition reflects our broader strategy to institutionalise an often-overlooked asset class by delivering secure, Class A storage solutions to the rapidly growing base of RV and boat owners across the country,” explained Neil Dyer, president of BlueGate.
The El Mirage property is emblematic of the markets we’re targeting.
Neil Dyer
“The El Mirage property is emblematic of the markets we’re targeting; high-growth residential corridors with limited compliant storage options and strong demand for secure, well-managed facilities.”
BlueGate El Mirage includes 1,004 rentable units across a mix of covered, uncovered and indoor parking options, along with 24,850sqft of traditional self storage space.
The facility features on-site amenities such as a wash station, dump station, air stations and video surveillance.
BlueGate plans to invest in the property to enhance operational efficiency and customer experience, including automating the leasing office with keypad entry systems, implementing remote management technology, upgrading lighting and surveillance.
Proven businesses
“By leveraging the strength of the Madison Capital Group Holdings platform, BlueGate is able to scale proven operating businesses into national leaders,” added Ryan Hanks, CEO of Madison Capital Group Holdings, the parent company of BlueGate.
BlueGate provides secure storage solutions tailored for boats, recreational vehicles and fleet vehicles.
BlueGate is a subsidiary of Madison Capital Group Holdings headquartered in Charlotte,
Its facilities feature spacious covered units, advanced security and convenient locations with easy access, wide drive aisles and protection from the elements.
A subsidiary of Madison Capital Group Holdings, BlueGate is headquartered in Charlotte, North Carolina.
