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681 Mt Zion Road - USA Mini Storage, Shreveport, LA

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681 Mt Zion Road - USA Mini Storage

Shreveport, LA 71106 - Southwest Submarket

Property Type:Specialty Sub Type:Self-Storage Status:Existing Year Built:1984
Stories:1 Typical Floor:20,720 SF Building Size:20,720 SF
For Sale Price:For Sale Price/SF:-
Cap Rate:-

CB Richard Ellis is pleased to exclusively offer for sale
681 Mt. Zion Road in Shreveport, Louisiana known as
USA Mini Warehouses. USA Mini Warehouses currently
has 142 storage units totaling 20,490 square feet with
future additional expansion potential of 20,000 square
feet. Current Gross Potential Income is $87,720;
which can be doubled after expansion. Operating at
95% occupancy, this facility is primed for either a rent
increase or expansion.

Sale Notes:
USA Mini Warehouses is a 183 unit self storage facility in Shreveport, Louisiana. The facility consists of 20,720 NRSF of non-climate storage units. Construction highlights include concrete driveways, cinderblock buildings with metal screw down roofs. The facility is equipped with video surveillance, gated entry and perimeter fencing. USA Mini Warehouses has an on-site office. The property has +/- 1 acre of expansion room included.

USA Mini Warehouses does not have a website or any marketing/advertising budget. This would be an important adjustment to achieve market occupancy and rents. Priced at $575,000, USA Mini Warehouses is $28 / NRSF, priced below replacement cost.

Located in South Shreveport, the facility has close access to the I-49 & Inner Loop Expressway thoroughfares. Additionally, USA Mini Warehouses is located 9.7 miles from downtown Shreveport. Downtown Shreveport has had an influx of business and multi-family housing in the last two years. Officials are working hard to revitalize, where necessary, and enhance existing must see downtown destinations and events. The total MSA population is 445,305.

Bellomy & Co.
Bill Bellomy
(512) 501-1604

Michael Johnson
(512) 501-1604

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