8535 GSRI Ave - Self-Storage Facilities FOR SALE


Baton Rouge, LA 70810- South Baton Rouge
$895,000 USD
813-839-7300
8535 GSRI Ave, Baton Rouge, LA for Sale
$895,000 USD
Self-Storage Facilities - FOR SALE
1/10
null | 8.03% Cap Rate

8535 GSRI Ave
Baton Rouge, LA 70810
South Baton Rouge


OVERVIEW

- Value-Add Self Storage Facility Comprised of 143 Non-Climate Units Totaling 22,560 Net Rentable Square Feet, One 3,000 Square Foot Outdoor Parking Lot, and One ~1,100 Square Foot Apartment - Recently Renovated Two-Bedroom, Two-Bathroom Apartment is Now Listed for Rent, Providing the Next Owner With Additional Upside - Average Achieved Rates Are Well Below Market, Allowing for a Clear Path to Upside Through the Implementation of Existing Customer Rent Increases - Sticky Tenants Evidenced by an Average Length of Stay Greater Than 13 Months Across the Entire Facility - Interior Building Can Be Reconfigured to Meet Strong Demand for Larger Units and/or Contractor Storage - Opportunity to Increase Revenue Through Lease Up, Stabilization, and Maximizing Supplemental Income Streams - Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place - Very Strong Demographics Featuring a Population of 107,988 Residents and an Average Household Income of $108,026 Within Five Miles of the Property - The Baton Rouge MSA is the Second Largest in Louisiana and is Home to 873,661 Residents

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red & Blue Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,392 SF

ZONING

-

APN/PARCEL ID

02037637,02037645,02037653

ASK ABOUT THIS PROPERTY

Justin ClarkFranklin StreetMore Info
813-839-7300

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Justin ClarkFranklin StreetMore Info
813-839-7300

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