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Self-Storage Facility

Milano's Mini Storage

14125 LA-44, Gonzales, LA 70737

Listing Price: $4,200,000

Cap Rate
5.03%
Number of Units
347
Occupancy
73.0%
Gross SF
49,260
Rentable SF
49,260
Price/Rentable SF
$85.26
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to present Milano's Mini Storage in Gonzales, LA. The facility features 331 non-climate storage units as well as a 3 unit shopping center. Currently the facility is 73% occupied. This below market occupancy is due to the lack of marketing/advertising including no web presence. The facility features room for non climate expansion in the back left corner, as well as an opportunity to redevelop the shopping center at the front of the property into climate controlled storage. The facility is positioned in Gonzales, LA within Ascension Parrish. The property has frontage on Highway 44 and boasts daily traffic counts of over 11,000 cars. The market demographics are strong featuring a current population of 91,565 people within 5 miles and is estimated to grow to 102,000 within the next 5 years. Additionally, the median income in this area is $85,752 which is roughly 30% higher than the current national median of $65,94. This property is not in a flood zone and did not flood in 2016.

Investment Highlights

  • 331 Non-Climate Storage Units
  • No Marketing/Advertising
  • 3 Unit Shopping Center at Front of Property
  • Rents 30% Below Market Average
  • No Web Presence

Exclusively Listed By

Self-Storage Facility

Milano's Mini Storage

Listing Price: $4,200,000

Cap Rate
5.03%
Number of Units
347
Occupancy
73.0%
Gross SF
49,260
Rentable SF
49,260
Price/Rentable SF
$85.26
Year Built
1997

Investment Highlights

  • 331 Non-Climate Storage Units
  • No Marketing/Advertising
  • 3 Unit Shopping Center at Front of Property
  • Rents 30% Below Market Average
  • No Web Presence

Investment Overview

Marcus & Millichap is pleased to present Milano's Mini Storage in Gonzales, LA. The facility features 331 non-climate storage units as well as a 3 unit shopping center. Currently the facility is 73% occupied. This below market occupancy is due to the lack of marketing/advertising including no web presence. The facility features room for non climate expansion in the back left corner, as well as an opportunity to redevelop the shopping center at the front of the property into climate controlled storage. The facility is positioned in Gonzales, LA within Ascension Parrish. The property has frontage on Highway 44 and boasts daily traffic counts of over 11,000 cars. The market demographics are strong featuring a current population of 91,565 people within 5 miles and is estimated to grow to 102,000 within the next 5 years. Additionally, the median income in this area is $85,752 which is roughly 30% higher than the current national median of $65,94. This property is not in a flood zone and did not flood in 2016.

Exclusively Listed By

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