Press Releases
Marcus & Millichap Brokers Two-Property Self-Storage Portfolio Sale in South-Central Louisiana
September 30, 2026
OPELOUSAS, La., Sept. 30, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of St. Landry Storage, a two-property, 1,269-unit self-storage portfolio in Opelousas, Louisiana.
Thomas Parsons, senior director investments, and Adam Schlosser, executive managing director investments with the LeClaire-Schlosser Group of Marcus & Millichap, in association with Steve Greer, Marcus & Millichap’s broker of record in Louisiana, represented the seller.
"A 99%-occupied portfolio with minimal advertising tells you everything about the demand in this market,” said Parsons. “Add in room to build a third climate-controlled building at the North Service Road facility and a Lafayette metro area that’s growing across the board, and this portfolio offers a rare mix of stabilized cash flow today and a clear path to the possibility of increased revenue in the future.”
The properties are St. Landry Storage’s main facility at 4048 I-49 Frontage Road, built in phases between 2005 and 2014 with 971 units across six single-story storage buildings and an administrative building on approximately 10.5 acres, and 5424 I-49 North Service Road, built in 2017 and expanded in 2022, with 298 units across two single-story buildings and covered parking on approximately 3.7 acres. Combined, the portfolio totals 185,345 net rentable square feet on 14.2 acres. The North facility has room for a third building, with an estimated 23,750 square feet of climate-controlled expansion potential. The buyer is The Storage Center, a Louisiana-based regional operator with 75 self-storage facilities.
Thomas Parsons, senior director investments, and Adam Schlosser, executive managing director investments with the LeClaire-Schlosser Group of Marcus & Millichap, in association with Steve Greer, Marcus & Millichap’s broker of record in Louisiana, represented the seller.
"A 99%-occupied portfolio with minimal advertising tells you everything about the demand in this market,” said Parsons. “Add in room to build a third climate-controlled building at the North Service Road facility and a Lafayette metro area that’s growing across the board, and this portfolio offers a rare mix of stabilized cash flow today and a clear path to the possibility of increased revenue in the future.”
The properties are St. Landry Storage’s main facility at 4048 I-49 Frontage Road, built in phases between 2005 and 2014 with 971 units across six single-story storage buildings and an administrative building on approximately 10.5 acres, and 5424 I-49 North Service Road, built in 2017 and expanded in 2022, with 298 units across two single-story buildings and covered parking on approximately 3.7 acres. Combined, the portfolio totals 185,345 net rentable square feet on 14.2 acres. The North facility has room for a third building, with an estimated 23,750 square feet of climate-controlled expansion potential. The buyer is The Storage Center, a Louisiana-based regional operator with 75 self-storage facilities.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
