Madison Capital Group has completed its new BlueGate Parking – PCB, a premier RV and boat storage facility, located at 156 Griffin Boulevard, Panama City Beach, Fla.
The facility offers a total of 131,220 square feet of canopied parking, featuring 242 secure and convenient storage spaces. This state-of-the-art facility reflects Madison Capital Group subsidiary BlueGate Boat and RV Storage’s continued investment in Florida’s rapidly expanding coastal region, following the recent acquisition of Watson Landings Marina.
“This facility was designed with security, convenience and accessibility in mind, providing the peace of mind needed to explore the scenic waters and routes of the Florida Panhandle,” said JC Reed, Chief Operating Officer of BlueGate. “We’re committed to exceptional customer service and are excited to continue building our service offerings in this vibrant community.”
BlueGate Parking – PCB is located off US-98, a high-traffic highway connecting major coastal destinations along Florida’s Panhandle. Driven by the limited availability of premium self-storage parking options and the challenge of finding properly zoned land in this high-demand region, Madison Capital Group is responding to a clear market need.
The region has been one of the fastest-growing in the United States, fueled by a surge of residents migrating from high-tax states to Florida’s low-tax, coastal areas. With The St. Joe Company holding permits for over 170,000 new homes on 171,000 acres across Walton and Bay Counties, Madison Capital Group anticipates sustained demand for convenient storage solutions in the area, especially as the local population continues to grow.
BlueGate Parking – PCB also serves a growing influx of visitors, as the area’s Northwest Florida Beaches International Airport now sees over one million annual passengers — a growth of 238% from 2009 to 2018. Walton County, one of the facility’s primary service areas, has been recognized as the 6th fastest-growing county in the country, further underscoring the demand for reliable storage options.
About Madison Capital Group
Madison Capital Group, headquartered in Charlotte, N.C., specializes in real estate investments with a focus on the self-storage and multifamily sectors. The company is the parent entity of Go Store It Self-Storage, a non-traded direct investment sponsor emphasizing self-storage, and Madison Communities, a vertically integrated real estate development and investment firm dedicated to crafting high-quality, suburban, garden-style apartment communities throughout the Southeast. For more information, visit madisoncapgroup.com.
