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27902272
27902273

4466 Pontchartrain Dr, Slidell, LA 70458

BR
CA 01787727, CA 02023477
Calvary Realty
Listed by Calvary Realty
$795,000
217 days on market
Updated 74 days ago

North Shore Mini Storage (Seller Financing)

Details
APN 123762, 121774
Property Type Industrial, Mixed Use (+2)
Sub Type Warehouse
Square Footage 11,886
Net Rentable (SqFt) 11,886
Units 98
Cap Rate 4.56%
NOI $36,236
Occupancy 72%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 9.26%
Pro-Forma NOI $73,600
Price per SqFt $67
Broker Co-Op Yes
Year Built 1994
Year Renovated 2007
Buildings 2
Stories 2
Acreage 3.000

Value-Add Upside Potential | 7.05% Proforma CAP

Marketing description

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".

Calvary Realty is pleased to present North Shore Mini Storage, a well-positioned Self-Storage facility located at 4466 Pontchartrain Drive, Slidell, Louisiana. Situated within the New Orleans–Metairie Metropolitan Statistical Area, which is home to over 966,000 residents, the property is offered at $795,000, reflecting an existing cap rate of 4.56% and a price per square foot of $66.89.

Constructed in 1992, the facility sits on three acres and features two metal and wood buildings. It offers 11,886 rentable square feet of storage space and 100 units across two stories, with current physical occupancy at 72% (Not Including 16 Owner owner-occupied units), presenting immediate value-add potential through lease-up and operational optimization.

Strategically located along Pontchartrain Drive, the property benefits from excellent visibility and convenient access to U.S. Highway 11 and Interstate 10, with a daily traffic count of 8,018 vehicles. North Shore Mini Storage serves a stable and growing regional economy characterized by limited new construction, strong institutional demand, and a favorable supply-demand imbalance for Self-Storage.

Additional highlights include 24-hour tenant access, enhanced security systems, and proximity to the New Orleans market, providing investors with a resilient, income-producing asset in a recession-resistant asset class.

Investment highlights

High Traffic Count 8,018 Vehicles Per Day

Located on “Highway 11”, Pontchartrain Drive

New Orleans Metropolitan Area

Dense Population With 62,000 Residents Within 5 Mile Radius

High Household Income of $85K Within 1-Mile Radius

Value-Add Upside Potential

Limited Competition Within 1-Mile Radius

24-Hour Tenant Access

Limited Competition Within 1-Mile Radius

Enhanced Security Systems

Premium Location on Lake Pontchartrain

Proximity to Prestigious Housing Developments Such as “The Moorings”

Listing Contacts

BR
CA 01787727, CA 02023477
Calvary Realty
Listed by Calvary Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$36,236.00
$3,019.67/mo

Valuation Metrics

0
DSCR
4.56%
Cap Rate
4.56%
ROI

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Additional Information

Name
Paula Borne
License
SALE.54728-ACT
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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