MINI- STORAGE FACILITY-SOUTHSIDE LAF,LA.

Industrial for Sale
Catylist Listing ID: 30508098
Property Subtypes: Self Storage
Building Size (RSF): 22,450 SF
Gross Land Area: 2.10 Acres
Sale Price: $788,000
Unit Price: $35.10 PSF
Ceiling: 9.5 ft.
Property Use Type: Investment, Business
Building Name: PART CLIMATE- CONTROLLED STORAGE
Usable Size (USF): 22,450 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 45
Last Updated: 10/11/2019

Overview / Comments

BUILDINGS ARE A-B-C-D-E & F (E&F ARE NEWEST AND CLIMATE CONTROLLED) CURRENT OCCUPANCY IS 45% @ 6% CAP AND PROJECTIONS ARE 80% OCCUPANCY WITHIN ONE YEAR, WITH ADVERTISING OR PROMOTION OF ANY KIND AND ONCE LEVEL IS ACHIEVED A 10.8% CAP IS REALISTIC– EXTRA VACANT LOTS WITHIN DEVELOPMENT EXIST FOR BOAT OR RV STORAGE POSSIBILITIES,WHICH WOULD INCREASE CAP EVEN FURTHER.–ALTHOUGH ONLY A SMALL PART IS IN A FLOOD ZONE THE PROPERTY DID FLOOD IN 2016.––OF THE 22,450SF ABOUT 5,200 IS CLIMATE CONTROLLED COMPRISED OF BUILDINGS E & F. BUILT IN 2009 & 2012 RESPECTIVELY. ALL OTHERS ARE ABOUT 24 YRS OLD.-UPON CONFIDENTIALITY EXECUTION WE FURNISH, OCCUPANCY LAYOUT OF SPACE & FINANCIAL INFO & OTHER.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G2
Taxing Authority: LAF PAR ASSESSOR
Zoning: UNZ -LAF PAR LAND USE ORD
Property Located Between: BETWEEN MAURICE & LAFAYETTE-MAP INTENTIONALLY INACCURATE
Highway Access: DIVIDED HIGHWAY
Airports: LAF REGIONAL IS ABOUT 25 MINS AWAY
Site Description: EXISTING MINI-STORAGE WITHIN SOME CLIMATE CONTROLLED AND PLENTY OF UPSIDE AS TO INCREASING CAP RATE OVER SHORT TIME
Area Description: VISIBLE HIGH TRAFFIC (25K) SUBURBAN SITE
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Typical SF / Floor: 4,200 SF
Property Condition: Good
Year Built: 1995
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: LIMESTONE AND CONRETE DRIVES
Parking Type: Surface
Parking Description: CONRETE OR LIMESTON
Eave Height: 9.5
Air Conditioning: Evaporative Cooler
Lighting: Fluorescent, Incandescent
Internet Access: Cable
Interior Description: METAL AND CONCRETE
Zoning Description: UNZONED WITH LAND-USE ORDINANCE IN THE PARISH
Part of Planned Development?: Yes
Lot Frontage: 198
Lot Depth: 480
Water Service: Municipal
Sewer Type: None
Easements: Utilities
Easements Description: TYPICAL
Land Ownership: FEE SIMPLE
Legal Description: CONFIDENTIAL 2.1 ACRES

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,978 23,685 77,988
Median Age: 35.02 35.88 35.3
Households: 1,058 8,964 31,576

Contact

Photograph of Listing Agent

Charlie Gardiner

Keller Williams Realty Acadiana Lafayette, LA 70503
LACDB Member
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