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Self-Storage Facility

Blue Marlin Boat & RV Storage

296 S Hollywood Rd, Houma, LA 70360

Listing Price: $6,100,000

Cap Rate
7.05%
Number of Units
132
Occupancy
100.0%
Gross SF
79,300
Rentable SF
79,300
Price/Rentable SF
$76.92
Year Built
2004

Investment Overview

Blue Marlin Boat & RV Storage is a 131-unit, 74,700 net rentable square foot selfstorage
facility located in Houma, Louisiana. Situated on approximately 4.6 acres, the
property was developed in phases between 2004 and 2016 and consists of twelve
single-story buildings with drive-up, exterior-access units, and is not located in a
flood zone.
The facility offers a strong amenity package, including timer-controlled lighting,
electrical outlets in all units, comprehensive video surveillance, concrete drive aisles,
and oversized metal roll-up doors. A new 14-foot backlit sign was installed in 2025,
enhancing visibility and branding. The current local owner operates the property
remotely using only a phone number and without a website or management software.
Tenants are not permitted to pay by credit card and typically prepay rent annually,
highlighting both operational simplicity and significant upside through modernization.

Investment Highlights

  • 100% OCCUPANCY // Consistently maintained at full occupancy despite no advertising, no website, no on-site employees, and limited payment options.
  • LONG-TERM TENANCY // Average tenant tenure is 73 months demonstrating strong customer loyalty and stability of income.
  • OPERATIONAL UPSIDE // Opportunity to increase revenue through rent increases justified by modernizing operations, enabling online leasing, beginning to advertise, and accepting credit card payments.

Exclusively Listed By

Self-Storage Facility

Blue Marlin Boat & RV Storage

Listing Price: $6,100,000

Cap Rate
7.05%
Number of Units
132
Occupancy
100.0%
Gross SF
79,300
Rentable SF
79,300
Price/Rentable SF
$76.92
Year Built
2004

Investment Highlights

  • 100% OCCUPANCY // Consistently maintained at full occupancy despite no advertising, no website, no on-site employees, and limited payment options.
  • LONG-TERM TENANCY // Average tenant tenure is 73 months demonstrating strong customer loyalty and stability of income.
  • OPERATIONAL UPSIDE // Opportunity to increase revenue through rent increases justified by modernizing operations, enabling online leasing, beginning to advertise, and accepting credit card payments.

Investment Overview

Blue Marlin Boat & RV Storage is a 131-unit, 74,700 net rentable square foot selfstorage facility located in Houma, Louisiana. Situated on approximately 4.6 acres, the property was developed in phases between 2004 and 2016 and consists of twelve single-story buildings with drive-up, exterior-access units, and is not located in a flood zone. The facility offers a strong amenity package, including timer-controlled lighting, electrical outlets in all units, comprehensive video surveillance, concrete drive aisles, and oversized metal roll-up doors. A new 14-foot backlit sign was installed in 2025, enhancing visibility and branding. The current local owner operates the property remotely using only a phone number and without a website or management software. Tenants are not permitted to pay by credit card and typically prepay rent annually, highlighting both operational simplicity and significant upside through modernization.

Exclusively Listed By

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