Gail Bowden of SVN Commercial Advisory Group connects buyer and seller to land major deal
Sarasota, Fla. (May 13, 2022) – Gail Bowden, Senior Investment Advisor for SVN Commercial Advisory Group, has managed the $12.1 million sale of a massive motorcoach storage facility at 5921 McIntosh Road in Sarasota, Fla. Las Vegas-based Crystal View Capital bought the property that spans 5.56 acres and contains nearly 14,000 square feet of storage area.
Bowden represented both Crystal View Capital and seller Becca Properties, LLC, a Sarasota-based company.
“This is a unicorn, a one-of-a-kind property in this area,” Bowden said. “Before it was built about three years ago, most RV storage facilities were little more than parking lots with fences around them. This one offers high-end service with indoor storage and lots of amenities.”
The hurricane-proof building contains air conditioned units with 24-hour security, onsite-management, water disposal, wifi hotspots and bathrooms for many of the units. There’s also a washing area onsite with a vacuum station. In addition to all the indoor units, some outdoor storage is available on the property.
The new owner will continue operating this facility as a deluxe RV storage site. Crystal View Capital is a private equity firm that acquires and manages self-storage facilities and manufactured housing communities.
“There’s a definite need for these RV storage services, especially here in Florida,” said Bowden. “A lot of HOAs and municipalities won’t let people keep RVs on their properties indefinitely, so they end up parking them in facilities that will keep them safe.”
Bowden managed the transaction without ever putting the property on the market or doing any advertising. Her many connections in the community helped her bring together the buyer and seller early on.
“Gail is very active in the community and she keeps up an extensive network of professional contacts,” said Matt Christian, Managing Director of SVN Commercial Advisory Group. “All of that work behind the scenes benefits her greatly in her commercial real estate career. In this case, she was able to close both ends of this deal without having to market the property.”
A full-service commercial real estate brokerage firm, SVN Commercial Advisory Group works with large corporations, middle market businesses and individual entrepreneurial investors. The group provides advisory services for the sale, leasing and management of commercial properties. Advisors at SVN Commercial Advisory Group have deep experience working with many types of investment real estate. They serve the greater areas of Sarasota, Manatee and Charlotte counties. For more information on the SVN Commercial Advisory Group, visit suncoastsvn.com.