Sugarfield Storage & Multifamily

Industrial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30755098
Property Subtypes: Mixed Use, Self Storage, Warehouse/Distribution
Building Size (RSF): 19,560 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $76.69 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

The site is improved with 5 framed buildings containing a total of 107 storage units, four housing units, a 2,400 square foot mechanic shop, and one 500 square foot fully functioning on-site office.​ The property has a gross building area of approximately 24,000 square feet and a net rentable area of 19,650 square feet.​ Storage unit sizes range from 100 square feet up to 200 square feet.​ Overall, the subject is considered to be well maintained and in great condition.​

In addition to the storage business, four housing units are located at the front of the property nearest the roadway.​ Units are as follows:

3- 1,000 sq ft 2bd / 1.5 bath apartments (not furnished, no utilities) @ $800 per month = $2,400 per month
1- 500 sq ft 1bd / 1 bath apartment (fully furnished, utilities included) @ $800 per month

A 2,400 sf mechanic shop sits on .54 acres located it the back left of the property.​ This tracts connects to the thriving business and would be a great location to develop non climate or climate controlled storage units.​

Located in the City of Belle Rose in Assumption Parish, Louisiana at the intersection of Highway 1 and Highway 70.​

Contact agent to receive reports.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: Assumption

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 762 5,013 9,689
Median Age: 40.95 39.19 38.59
Households: 303 1,802 3,518

Contact

Photograph of Listing Agent

Will Watson

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Brennan Spurrier

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Jeff Wilke

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
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