Condev RV and Boat Storage
Vero Beach, FL
Executive Summary
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Condev RV & Boat Storage, which consists of 250 units distributed across 58,385 net rentable square feet of covered parking spaces and 52,860 net rentable square feet of uncovered parking spaces. The facility offers many valuable on-site amenities including an ice machine, air & vacuum station, dump station, 2 wash stations, an electric boat & trailer caddy, and a large Generac generator on auto switch to power the facility and provide backup power. Security is strong at Condev RV & Boat Storage with more than 25 security cameras and a second backup system at Gates & Front Road. The manager is a retired sheriff and uses off-duty sheriffs in his absence, enhancing the on-site security. The property is located in a growing region boasting strong income, with 6,482 future residential units in the development pipeline and a household income average of $123,774 within a 5-mile radius.
Vero Beach, Florida is a coastal Treasure Coast city with a diversified and steadily expanding economy supported by aviation manufacturing, healthcare, tourism, and regional logistics, positioning it well for long‑term growth. Higher education is anchored by Indian River State College’s Mueller Campus in Vero Beach, providing a strong workforce pipeline. Vero Beach benefits economically from proximity to the Port of Fort Pierce, which is undergoing modernization and private investment tied to shipbuilding and megayacht services, a program expected to create 1,500+ jobs and millions in regional economic impact, strengthening logistics and marine‑industry employment across the Treasure Coast. The former Naval Air Station Vero Beach, now redeveloped into the municipal airport and aviation industrial hub, continues to support aerospace employment and investment. Looking ahead, Indian River County is advancing airport expansion, infrastructure upgrades, and targeted industrial recruitment, complemented by business incentives aimed at aviation, life sciences, clean energy, and technology, collectively supporting thousands of future jobs and hundreds of millions of dollars in planned public and private investment, underscoring Vero Beach’s strong outlook for sustainable economic and employment growth
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $11.4 billion in consideration and over 66.3 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
