Capitalize on the Unmet Demand for RV & Marine Storage
Zenith Storage is expected to provide both significant capital appreciation and cash flow. We are capitalizing on several trends:
- Tremendous growth in the demand for recreational vehicles ($16 billion market) and boats with an increasing desire to live a mobile lifestyle
- Covid-19's acceleration in telecommuting and emphasized benefits of exploring America
- Current minimal competition and shortages of high security, luxury amenity, enclosed RV, and boat individual unit storages in Las Vegas with the next closest facility being 17 miles away from our location
- Our location being close to both Lake Mead and Las Vegas Strip that have high car traffic counts
Updates to the Deal:
The project is located 35 minutes from Lake Mead, near Downtown Las Vegas and Las Vegas Strip. We have successfully acquired planning approval for the Zenith Storage Project from the Las Vegas Board of County Commissioners on November 18, 2020. We also completed the purchase of land for the Zenith storage project on November 30, 2020.
We have selected and engaged project Architect on January 27,2021. Additionally, we also selected and engaged all project engineers (civil, structural, mechanical, electrical, plumbing, HVAC) on January 29, 2021. The permitting process has been initiated with Clark County, Las Vegas. We will began architecture and engineering work on February 1, 2021.
- Management team has successfully redeveloped and is the owner/operator of 4 self storage facilities throughout 3 states (Nevada, Utah, Arizona)
- Storage has consistently been a recession resistant business, historically
- Project value is expected to increase 2x–2.5x of total build and land cost upon completion (capital appreciation)
- Mercadyne Automated Properties facilities have historically appreciated 2x-3x in 5 years
- Significant opportunity to further increase in value as neighborhood becomes regentrified
- Project contains approximately 48,000 net rentable sqft and is expected to produce significant monthly cashflows upon stabilization - Lot size of 2.33 acres (101,495 SF)
- Affluent clientele for this storage product type leading to high occupancy and minimal price sensitivity
- Competition is limited, with currently one dedicated enclosed RV and Marine storage facility, with individual units, across the entire 135-square miles of Las Vegas, NV
- Land Purchase Price $7.38/Sqft. 8 other property comparables now selling at an average of $15.34 /Sqft
- Traffic counts of over 9,000 CPD
Event Recording
Capitalize on the Unmet Demand for RV & Marine Storage
Speaker
David Baker
- Title
- Managing Member @
- Company
- Zenith Storage
- Role
- Speaker
David N. Baker is Managing Member and Owner/Operator of Mercadyne Automated Properties LLC, a portfolio of self storage facilities, which he acquired, redeveloped and turned around to become cash flow positive. Mr. Baker is also Managing Member of Mercadyne Advisors LLC, providing a going public accelerator for private companies, corporate advisory for micro-cap and small-cap public companies and digital exposure for companies seeking to complete offering campaigns and expand their investment community visibility. Mr. Baker has led as investment principal, originating, structuring, financing and investing in alternative going public transactions for numerous emerging growth companies, as well as advising them at all stages of their corporate lifecycle, from startup through subsequent public financings. Additionally, he serves as a director of companies in which he is a material stakeholder. As principal of three previous small cap/micro-cap, non-correlated, hedge funds and two advisory firms during his career, Mr. Baker has directly invested in more than 200 small cap/micro cap financings. Co-authored two financial analytics patents, including a design for product/service hierarchy database for market competition and investment analysis, as well as a patent for a granular method for index performance by sector. These issued patents were the basis of a Company he co-founded (Revere Data LLC fka Sectorbase) that was eventually acquired by Factset Data Systems, Inc. Recently, he Co-founded IDM Social to provide public and going public companies with social media and digital marketing that identifies undiscovered audiences of prospective investors and provides continuous and global exposure to issuers.
About
Zenith Storage
MERCADYNE AUTOMATED PROPERTIES, LLC (M.A.P.) and our investors acquire land, design and develop luxury, enclosed storage facilities for recreational vehicles, marine, and exotic cars. We apply automation and cutting-edge hardware and software technologies, high security, digital marketing, active management and financial controls to mitigate human management, drive economic occupancy rates, increase net operating income, stabilize cash flows for multi-decade recurring revenue and creating equity value. We generate a significant increase in the underlying asset value of each facility from the combination of development and compelling land acquisition price. The capital appreciation from the development of our projects is a material component of the overall investment return which occurs antecedent and is accretive to, the return generated from the multi-year cash flow produced, which begins upon completion of development.