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Self-Storage Facility

Dependable Storage - LaPlace

131 Percy Hebert Rd, LaPlace, LA 70068

Listing Price: $13,000,000

Cap Rate
5.05%
Number of Units
623
Occupancy
98.0%
Rentable SF
74,743
Price/Rentable SF
$173.93
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to offer for sale Dependable Storage Two Property Portfolio. The portfolio consists of two properties located in LaPlace, Louisiana and Gulfport, Mississippi. The portfolio has a combined total of 1,275 units and 146,553 net rentable square feet. Both locations feature multi-story buildings and are fully secured with gated, keypad entry, on-site management offices, and 24-hour video surveillance. Both facilities are located in extremely busy areas and benefit from excellent street frontage and visibility. They are both surrounded by lots of restaurant chains, retail stores, residential neighborhoods, churches, hospitals, and much more. This provides the facilities with high daily traffic counts ranging from 35,700-43,800 cars per day. Dependable Storage Two Property Portfolio is being offered for $23.5 million or $160.35 per rentable square-foot.

Investment Highlights

  • Two Property Portfolio in LaPlace, Louisiana and Gulfport, Mississippi
  • Combined 146,553 Net Rentable Square-Feet| Combined 1,275 Total Units
  • Climate-Controlled and Non-Climate-Controlled Units
  • 40 Parking Spaces at LaPlace Location
  • Physical Occupancies: LaPlace: 97.61 Percent | Gulfport: 97.70 Perent

Exclusively Listed By

Financing By

Self-Storage Facility

Dependable Storage - LaPlace

Listing Price: $13,000,000

Cap Rate
5.05%
Number of Units
623
Occupancy
98.0%
Rentable SF
74,743
Price/Rentable SF
$173.93
Year Built
2006

Investment Highlights

  • Two Property Portfolio in LaPlace, Louisiana and Gulfport, Mississippi
  • Combined 146,553 Net Rentable Square-Feet| Combined 1,275 Total Units
  • Climate-Controlled and Non-Climate-Controlled Units
  • 40 Parking Spaces at LaPlace Location
  • Physical Occupancies: LaPlace: 97.61 Percent | Gulfport: 97.70 Perent

Investment Overview

Marcus & Millichap is pleased to offer for sale Dependable Storage Two Property Portfolio. The portfolio consists of two properties located in LaPlace, Louisiana and Gulfport, Mississippi. The portfolio has a combined total of 1,275 units and 146,553 net rentable square feet. Both locations feature multi-story buildings and are fully secured with gated, keypad entry, on-site management offices, and 24-hour video surveillance. Both facilities are located in extremely busy areas and benefit from excellent street frontage and visibility. They are both surrounded by lots of restaurant chains, retail stores, residential neighborhoods, churches, hospitals, and much more. This provides the facilities with high daily traffic counts ranging from 35,700-43,800 cars per day. Dependable Storage Two Property Portfolio is being offered for $23.5 million or $160.35 per rentable square-foot.

Exclusively Listed By

Financing By

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