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Strong RV sales have fueled
significant demand for RV storage facilities, while high real estate prices
limit rental space availability. The hottest new tend in real estate, Garage
Condominiums are answering the call.
Palm Springs, CA – May
2018 / Newsmaker Alert / Owners
of expensive recreational vehicles, collectible cars and boats are turning
to a relatively new hot concept, Garage Condominiums. After shelling out
big bucks for a big toy, these owners don’t balk at paying $90,000 to $175,000
for a secure place to keep it.
David Gandolfo, Developer of 45 garage condominiums, MonStore Garages, Palm Springs, released 15 garages for pre construction sales on April 4th. All were sold before noon the same day. David said, “the demand for larger storage garages is huge, and has been ignored by traditional self-storage, since the rental return on larger units is far less than on the typical 8 x 10 rental units.” Dave continued, “Garage condominiums fill the gap between self storage closets, and full warehouses, with the added benefit of full ownership.” Collectively, David and Ted have constructed over 150,000 sq ft of garage condos, and they are not stopping. Future projects include Reno Nevada, Las Vegas Nevada, Ventura California, Oceanside California, and Pismo Beach California. Company
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