Listed by Matthews
$2,810,000
Louisiana Self Storage Portfolio
Details
Property Type Self Storage
Sub Type Self Storage
Square Footage 34,573
Net Rentable (SqFt) 34,573
Units 269
Cap Rate 7.00%
NOI $196,549
Occupancy 84%
Tenancy Multi
Pro-Forma Cap Rate 8.45%
Pro-Forma NOI $237,536
Price per SqFt $81
Two facilities totaling ±34,573 NRSF located ±11.69 miles from one another
Investment highlights
Two facilities totaling ±34,573 NRSF located ±11.69 miles from one another
Opportunity to increase non-climate-controlled rents at both locations – the Woodworth non-climate controlled rents are 30% below market on average and the Pineville non-climate controlled rents are 14% below market on average
Pineville location also includes 7 retail suites totaling 1,483 square feet
Attractive 7.00% day-1 cap rate based on NOI with adjusted expenses
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$196,549.00
$16,379.08/mo
Valuation Metrics
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DSCR
6.99%
Cap Rate
6.99%
ROI
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