Aubin Lane Self Storage

Industrial for Sale
Sale Pending
Also listed as Business Opportunity, Office
Catylist Listing ID: 30786294
Property Subtypes: Free-Standing, Mixed Use, Net Leased, Office Showroom, Self Storage, Other
Status: Pending
Building Size (RSF): 14,774 SF
Gross Building Area: See Agent
Gross Land Area: 0.77 Acres
Sale Price: $1,375,000
Unit Price: $93.07 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Aubin Ln Self Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2022

Overview / Comments

Incredible Value Add Opportunity!!

This +/- 11,351 SF climate-controlled 80-unit self-storage facility is 65% leased without any marketing whatsoever apart from the phone number on the front of the building. Between its interstate visibility, some marketing and a little effort, this site could be near 100% leased in no time! Many of the units that are leased are long term customers that haven't seen a rental increase in years! The adjacent 3,423 SF building is included with this offering and could also make for a great office rental. It could also be occupied by an owner, while using the self-storage facility as additional income. As an added bonus, the billboard income at the rear of this site could possibly be included in the sale.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 032-7178-1
Zoning: C1 / LC2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,828 98,265 230,780
Median Age: 34.11 36.58 35.73
Households: 5,704 41,932 94,460

Contact

Photograph of Listing Agent

Judah Vedros

Kurz & Hebert Baton Rouge, LA 70809
LACDB Member
Photograph of Listing Agent

Mark B Hebert

Kurz & Hebert Baton Rouge, LA 70809
LACDB Member
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