15378 W Main St - Self-Storage Facilities FOR SALE


Cut Off, LA 70345
$1,680,000 USD
404-380-1196
15378 W Main St, Cut Off, LA for Sale
$1,680,000 USD
Self-Storage Facilities - FOR SALE
1/3
null | 6.07% Cap Rate

15378 W Main St
Cut Off, LA 70345


HIGHLIGHTS

  • Two facilities totaling ±27,681 NRSF located ±2.98 miles apart
  • Significant room to improve occupancy and management
  • High yields upon stabilization – 9.75% Year 2 cap rate, and 11.75% Year 4 cap rate
  • Limited supply in a 5-mile radius with only 6.30 SF per capita

OVERVIEW

Broker of Record Donnie Jarreau License No. BROK.995704351-CORP (LA) (866) 889-0550 Jarreau Real Estate 16173 Perkins Road Baton Rouge, LA 70810

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

6.07%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15378 & 16862 - STORAGE DEPOT

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

0101798720

ASK ABOUT THIS PROPERTY

Hunter ReynoldsMatthews Real Estate Investment ServicesMore Info
404-380-1196

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Hunter ReynoldsMatthews Real Estate Investment ServicesMore Info
404-380-1196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.