3608 Heard Rd - Self-Storage Facilities FOR SALE


Lake Charles, LA 70605
$4,800,000 USD
832-623-1690
3608 Heard Rd, Lake Charles, LA for Sale
$4,800,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | Request Cap Rate

3608 Heard Rd
Lake Charles, LA 70605


HIGHLIGHTS

  • Lake Charles, Louisiana
  • Population of 99,081 Within 5-Mile Radius
  • $101.7 Million Nelson Road Expansion Underway
  • $87,547 Average Household Income
  • 31,491 Average Daily Traffic Count (Nelson Rd)
  • 1.0 Mile to Walmart, Sam’s Club, Target

OVERVIEW

https://versalpartners.com/properties/cubesmart-lake-charles/ CubeSmart Self Storage (Third Party Managed) is a 62,705 NRSF facility located in Lake Charles, Louisiana. The property features a total of 403 units, and 25% of the property’s NRSF is climate controlled. The average unit size for non-climate controlled units is 167 square feet, while the average unit size for climate controlled units is 127 square feet. Demographics within a 5-mile radius of the facility include a population of 99,081 residents with an average household income of $87,547. The property is less than 0.5 miles from Nelson road, which is currently undergoing a $101.7 million expansion to improve access to the area. The current average daily traffic count of Nelson Road is 31,491 vehicles. Major retailers including Walmart, Sam’s Club, Target, and more are also within a mile of the facility. Construction highlights include asphalt driveways, metal and steel buildings, and an on-site office. The facility is fully equipped with gated keypad access, perimeter fencing, exterior lighting and security cameras. Physical occupancy of the property is currently 50%, giving a potential buyer the opportunity to fill vacant units and generate additional revenue. Economic occupancy is currently 54%. The property is valued at $76.55 per NRSF. CubeSmart Self Storage (Third Party Managed) is listed for sale at $4,800,000.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CubeSmart Self Storage (Third Party Managed)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,338 SF

ZONING

-

APN/PARCEL ID

00105759A

ASK ABOUT THIS PROPERTY

Bill BellomyVersalMore Info
832-623-1690

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

Bill BellomyVersalMore Info
832-623-1690

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