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Self-Storage Facility

4114 LA Hwy 1 S

4114 La Hwy 1 S, Port Allen, LA 70767

Listing Price: $1,300,000

Cap Rate
5.90%
Number of Units
142
Occupancy
65.0%
Gross SF
18,000
Rentable SF
16,375
Price/Rentable SF
$79.39
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of Westside Self Storage, located at 4114 LA Hwy 1 S in Port Allen, LA. 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 $1,300,000.00, which reflects $79.39 per square foot with a year one cap rate of 5.90%.

Investment Highlights

  • Room for Expansion
  • Heavy Timber is located on the property
  • Daily Traffic Count of 40,000

Exclusively Listed By

Self-Storage Facility

4114 LA Hwy 1 S

Listing Price: $1,300,000

Cap Rate
5.90%
Number of Units
142
Occupancy
65.0%
Gross SF
18,000
Rentable SF
16,375
Price/Rentable SF
$79.39
Year Built
1991

Investment Highlights

  • Room for Expansion
  • Heavy Timber is located on the property
  • Daily Traffic Count of 40,000

Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of Westside Self Storage, located at 4114 LA Hwy 1 S in Port Allen, LA. 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 $1,300,000.00, which reflects $79.39 per square foot with a year one cap rate of 5.90%.

Exclusively Listed By

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