GarageTown USA Dominates Garage Condo Market in Arizona
“Buyer Trends Indicate
Recession-Proof Business Model a Success”
MESA, Ariz. (Business Wire EON) May 6, 2008 --
GarageTown USA AZ is offering
garage “condos” for
sale at multiple locations in the Phoenix Valley and there’s
no shortage of investors. Director of Sales and Marketing Stefanie
McDaniel notes, “We launched our first
community in August at Chandler’s Stellar
Airpark and sold out immediately”. Unlike
traditional storage rentals, buyers purchase units with 16’
ceilings and average 2,000 sq ft of interior space. Internet, air
conditioning and more options are available. Tenants utilize space for RV’s,
boats and toys. Due to a high concentration of car enthusiasts in
Arizona, 85% of the Chandler location houses classic cars and vintage
race cars.
Partner Mike McDaniel explains, “Despite
signs of recession, there’s no shortage of
individuals who prefer keeping their valuable cars and toys off the
street, out of storage yards and in one safe place”.
Owners have 24 hour gated access to secured units decorated with custom
cabinetry, car lifts and mezzanines. When someone puts a unit up for
sale, many jump to bid and buy. Tenants are attracted to owning a garage
alongside others with similar interests. Tenants routinely entertain at
their “Man Cave”
as the units are fondly referred to. It’s not
uncommon for car club members to invite a group over for “a
day at the garage” where they show off cars
and socialize.
Stefanie McDaniel explains, “Our first
Arizona community is a huge success. We’re
breaking ground on three locations this quarter and a fourth in December”.
GarageTown USA has been flooded with deposits for units in Mesa,
Avondale, Chandler and North Scottsdale. Properties will offer a
clubhouse with flat panel TV’s, couches and
wet bar owners can use for events and networking. GarageTown USA has
prompted other companies to start similar projects. Notes Mike McDaniel, “There
are companies with price points $100,000.00 above ours, and others offer
bare bones units for less. Our tenants find GarageTown USA is just right
for their budget and needs.
About GarageTown USA
GarageTown USA offers garage condo ownership at developments in Idaho,
Alaska, Texas, Colorado, Washington and Arizona. Owners enjoy standard
appreciation and tax benefits allowed by law. GarageTown USA will soon
offer franchise opportunities positioning the company in major markets
across the USA.
More: www.garagetownaz.com
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