Port Allen Self-Storage

Industrial for Sale
Catylist Listing ID: 30822660
Property Subtypes: Self Storage
Building Size (RSF): 16,375 SF
Gross Building Area: 18,000 SF
Gross Land Area: 52.14 Acres
Sale Price: $1,100,000
Unit Price: $67.18 PSF
Property Use Type: Investment
Building Name: Westside Self Storage
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 65
Last Updated: 2/2/2023

Overview / Comments

Westside Self Storage has an area of 52.14 total acres with the front 3 acres zoned C-1.12 and the remaining acreage zoned AG, which leaves room for
expansion. The majority of the eastern portion of the property, which includes the primary parcel and the improvements, are in Flood Zone X. A small
portion of the western end of the excess land appears to be in Flood Zone AE. The site is predominantly rectangular, with 194' of frontage located directly
off the west side of LA Highway 1 South. Heavy Timber is located on the property.

The 18,000 square feet storage facility consists of 16,375 rentable square feet and 142 total units. The unit mix consists of 32 climate-controlled and 110
non-climate-controlled storage units. The facility includes fencing, concrete-paved driveways, and is gate-accessed.

This opportunity is being offered at $1,100,000.00, which reflects $79.39 per square foot with a year one cap rate of 7%.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $8,704 (Annual)
Net Operating Income $76,659 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Baton Rouge
County: West Baton Rouge
Submarket/Township: 70
Tax ID/APN: 305300003000
Zoning: FRONT 3 ACRES: C-1.12, REMAINING ACREAGE: AG
Highway Access: LA Highway 1 South
Site Description: 142 total units on 52.14 acres. 32 climate-controlled and 110 non climate-controlled
Total Number of Buildings: 4
Number of Stories: 1
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Zoning Description: Front 3 acres is zoned C-1.12 and the remaining acreage is zoned AG
Lot Frontage: 194'

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,335 29,322 91,871
Median Age: 37.65 29.29 32.01
Households: 822 12,226 37,591

Contact

Photograph of Listing Agent

Travis A Thornton

Beau Box Commercial Real Estate Baton Rouge, LA 70808
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.