4840 LA-311 - Specialty FOR SALE


Houma, LA 70360
$2,250,000 USD
4840 LA-311, Houma, LA for Sale
$2,250,000 USD
Specialty - FOR SALE
1/5
null | Request Cap Rate

4840 LA-311
Houma, LA 70360


HIGHLIGHTS

  • Click this Link for the Deal: https://www.urowrealestate.com/southdown-mini-storage/

OVERVIEW

HOW TO REGISTER: - Go to www.urowrealestate.com - Click Login on the Top Right of the Screen - Press Register - Enter Your Contact Information - Once Your Account is Approved, You Will Receive an Email START HERE IF YOU ALREADY HAVE AN EXISTING ACCOUNT: - After Your Registration is Completed, Click this Link for the Deal: https://www.urowrealestate.com/southdown-mini-storage/ - Click "Documents" Above Pictures, or "Financial Documents" to the Right of Pictures, to Execute a Confidentiality Agreement and Access the Deal Room with the OM and Financials Note: For an instructional video on activating your account, navigating the website, and resetting your password, please see: https://www.youtube.com/watch?v=dt4PI7BkMo0&ab_channel=PerePascual INVESTMENT HIGHLIGHTS: - Strong Physical Occupancy Rate: The facility is currently 90.79% physically occupied across 23,075 NRSF. - Demographic Advantage: The property serves a population of 58,650 residents with an average household income of $86,755 within a 5-mile radius. - Strategic Location with High Traffic: Positioned along a corridor with an annual average daily traffic count of 14,500 vehicles. - Operational Stability with Upside: Current rents average approximately 30% below competing facilities, offering investors an opportunity to enhance revenue through rate adjustments while maintaining high occupancy. - Proximity to Major Retail Corridors: Located within two miles of major retailers including Target, Walmart, Home Depot, Aldi, Lowe’s, and Dollar General.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southdown Mini Storage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,607 SF

ZONING

TPCG

APN/PARCEL ID

42902

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