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Self-Storage Facility

Dependable Storage - LaPlace

131 Percy Hebert Rd, LaPlace, LA 70068

Listing Price: $11,500,000

Cap Rate
6.01%
Number of Units
623
Occupancy
92.0%
Gross SF
74,568
Rentable SF
74,568
Price/Rentable SF
$154.22
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to offer for sale the Dependable Storage Two Property Portfolio. The portfolio consists of two properties located in LaPlace, Louisiana and Gulfport, Mississippi. The portfolio has a combined total of 1,275 units and 145,796 net rentable square feet. Both locations feature multi-story buildings and are fully secured with gated, keypad entry, on-site management offices, and 24-hour video surveillance.

Both facilities are located in extremely busy areas and benefit from excellent street frontage and visibility. They are both surrounded by lots of restaurant chains, retail stores, residential neighborhoods, churches, hospitals, and much more. This provides the facilities with high daily traffic counts ranging from 35,700-43,800 cars per day.

Investment Highlights

  • Gulf Coast Two Property Self Storage Portfolio Located in LaPlace, Louisiana and Gulfport, Mississippi
  • Combined 145,796 NRSF | Combined 1,275 Total Units
  • Mix of Climate Controlled Units, Non-Climate Controlled Units, and Parking Spaces
  • Physical Occupancies: LaPlace: 92.70% | Gulfport: 91.10%
  • Upside Through Implementing Tenant Insurance

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) LA: BROK.995710346-ASA

    Louisiana

Financing By

Self-Storage Facility

Dependable Storage - LaPlace

Listing Price: $11,500,000

Cap Rate
6.01%
Number of Units
623
Occupancy
92.0%
Gross SF
74,568
Rentable SF
74,568
Price/Rentable SF
$154.22
Year Built
2006

Investment Highlights

  • Gulf Coast Two Property Self Storage Portfolio Located in LaPlace, Louisiana and Gulfport, Mississippi
  • Combined 145,796 NRSF | Combined 1,275 Total Units
  • Mix of Climate Controlled Units, Non-Climate Controlled Units, and Parking Spaces
  • Physical Occupancies: LaPlace: 92.70% | Gulfport: 91.10%
  • Upside Through Implementing Tenant Insurance

Investment Overview

Marcus & Millichap is pleased to offer for sale the Dependable Storage Two Property Portfolio. The portfolio consists of two properties located in LaPlace, Louisiana and Gulfport, Mississippi. The portfolio has a combined total of 1,275 units and 145,796 net rentable square feet. Both locations feature multi-story buildings and are fully secured with gated, keypad entry, on-site management offices, and 24-hour video surveillance. Both facilities are located in extremely busy areas and benefit from excellent street frontage and visibility. They are both surrounded by lots of restaurant chains, retail stores, residential neighborhoods, churches, hospitals, and much more. This provides the facilities with high daily traffic counts ranging from 35,700-43,800 cars per day.

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): LA: BROK.995710346-ASA

    Louisiana

Financing By

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