Self storage portfolio available for sale in Denham Springs, LA. Two locations included in the portfolio and currently 90% occupied. The two facilities are less than three (3) miles apart and conveniently managed by the same individual property manager.

30580 Dunn Road in Denham Springs, LA includes 141 self storage units, of which 140 units are occupied. The facility includes a manager's office as well as a studio apartment for on-site management. Of the 141 total units, 124 are climate controlled and the remaining 17 units are non-climate controlled. There are an additional 23 outdoor parking spaces available for rent and currently occupied by boats and trailers. There is an additional tract of vacant land, adjacent to the self storage facility, included in the sale; the additional tract of land will accommodate 120 +/- additional self storage units.

32241 Hwy. 16 in Denham Springs, LA includes 119 self storage units, of which 96 are occupied. One of the rental units is currently used as a manager's office. Of the 119 total units, 83 are climate controlled and the remaining 36 units are non-climate controlled. There is additional land situated in the rear of the property, included in the sale, that can be used for boat and trailer storage. Vacant land available adjacent and to the south of the property is not owned by the seller, but would make an attractive purchase for an investor trying to add additional units.

According to a recent article in the Wall Street Journal, "The self-storage industry is benefiting from a number of trends, including a scarcity of new supply coupled with population growth and a strengthening economy, which energize the housing market. A strong economy creates demand for storage by commercial users, while a robust housing market means more people will be moving and storing personal belongings." New construction in Livingston Parish has created a strong demand for storage units in the area.

Location Description:

Two self storage facilities available in Denham Springs, LA approx. 15 minutes from Baton Rouge, LA. The properties are located less than three (3) miles from each other and are currently managed by the same property manager.

Highlights:

>> Two self storage facilities for sale in Denham Springs, LA

>> One property manager for the pair of investment properties

>> Located less than three (3) miles from one another

>> Ability to increase number of units at both locations

>> $100K worth of infrastructure performed on vacant land at 30580 Dunn location / permit ready for construction

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Sales Info:

>> Cap rate: 8.4%

>> Commision split: 2.5%

>> NOI: $197283