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Self-Storage Facility

Otter Self Storage - Richcroft

11520 Richcroft Ave, Baton Rouge, LA 70814

Listing Price: $3,600,000

Cap Rate
1.18%
Number of Units
462
Occupancy
34.0%
Rentable SF
56,600
Price/Rentable SF
$63.60
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale The Otter Self Storage Two Property Portfolio located in Baton Rouge, Louisiana. This portfolio combines to feature 18 climate-controlled units and 926 non-climate units totaling 102,750 net rentable square feet. The portfolio has great value-add opportunities through leasing-up and rental rate increases. Both facilities recently had significant capital improvements through increased security systems and facility cleanups. The Otter Self Storage Two Property Portfolio combines to sit on 5.35 acres of land and are separated by about nine miles.

Investment Highlights

  • Baton Rouge, Louisiana Two Property Self Storage Portfolio
  • Combined 102,750 Net Rentable Square Feet
  • 18 CC Units and 926 NCC Units
  • Great Value-Add Opportunity Through Lease-Ups, Expense Reductions and Increased Rental Rates
  • Both Facilities Recently Underwent Significant Capital Improvements with New Security Systems and Facility Cleanup

Exclusively Listed By

Financing By

Self-Storage Facility

Otter Self Storage - Richcroft

Listing Price: $3,600,000

Cap Rate
1.18%
Number of Units
462
Occupancy
34.0%
Rentable SF
56,600
Price/Rentable SF
$63.60
Year Built
1983

Investment Highlights

  • Baton Rouge, Louisiana Two Property Self Storage Portfolio
  • Combined 102,750 Net Rentable Square Feet
  • 18 CC Units and 926 NCC Units
  • Great Value-Add Opportunity Through Lease-Ups, Expense Reductions and Increased Rental Rates
  • Both Facilities Recently Underwent Significant Capital Improvements with New Security Systems and Facility Cleanup

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale The Otter Self Storage Two Property Portfolio located in Baton Rouge, Louisiana. This portfolio combines to feature 18 climate-controlled units and 926 non-climate units totaling 102,750 net rentable square feet. The portfolio has great value-add opportunities through leasing-up and rental rate increases. Both facilities recently had significant capital improvements through increased security systems and facility cleanups. The Otter Self Storage Two Property Portfolio combines to sit on 5.35 acres of land and are separated by about nine miles.

Exclusively Listed By

Financing By

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