The portfolio consists of stabilized and cash-flowing self-storage facilities featuring 12 climate-controlled units totaling 1,560 NRSF and 164 non-climate units totaling 19,700 NRSF, spread across two locations. The immediate trade area offers very limited competition, supported by a market saturation rate of just 2.5 SF per capita within a three-mile radius of the Lincoln Road location. There is an opportunity to increase revenue through existing customer rent adjustments and the addition of tenant insurance sales.
The Lincoln Road site occupies a 1.17-acre lot, providing room for future expansion or outdoor parking rentals. The facilities are well-suited for remote management, with high occupancy levels, security cameras, and management software already in place. Recent capital expenditures include multiple door replacements at Lincoln Road, spring and latch upgrades at both locations, and the installation of a gravel parking area at Lincoln Road.
Ville Platte, where these properties are located, sits in southern Louisiana approximately 65 miles west of Baton Rouge. It serves as the county seat of Evangeline Parish, which is home to 31,754 residents.