Listing Portfolios

A Storage Inn Portfolio - UNDER CONTRACT

NRSF - 613,144

The A Storage Inn Portfolio offers a rare opportunity to acquire a ten-property, self-storage portfolio located within the New Orleans-Metairie-Kenner Metropolitan Statistical Area, also known as the Greater New Orleans Region. With all of the facilities located in the MSA, acquisition of the portfolio provides an investor with solid market coverage of the area, paired with strong cash flows, great visibilities and potential to significantly increase revenue. Furthermore, several facilities in the portfolio have the unique advantage of being situated in Slidell, a city no longer accepting permits for new self storage, adding even more value to the portfolio’s expansion opportunities.

An investor can expect to see leveraged IRRs in years five and seven of 18.10 percent and 20.42 percent, respectively. The portfolio has multiple value-add components to enhance returns, including the implementation of truck rentals, reducing management costs and raising rates to market averages. By the end of year two, a pro forma capitalization rate of 7.50 percent is projected.

Of the ten facilities, the offering consists of 5,119 total units across 613,144 rentable square feet. Each facility has an on-site management apartment. Overall, the portfolio demonstrates a physical occupancy of 73.24 percent and an economic occupancy of 62.40 percent. Many of the facilities with high occupancies offer buildout for additional self-storage units to match the area’s demand, all on vacant land and buildings that are included in the sale.

 

  • Gause Boulevard Gause Boulevard
    1709 Gause Boulevard West
    Slidell, LA
  • Arabi Arabi
    7413 West Saint Bernard Highway
    Arabi, LA
  • East Slidell East Slidell
    2355 Gause Boulevard East
    Slidell, LA
  • LaPlace LaPlace
    2820 U.S. Highway 51
    LaPlace, LA
  • Pearl River Pearl River
    64023 Highway 11
    Pearl River, LA
  • Chalmette Chalmette
    3301 Jean Lafitte Parkway
    Chalmette, LA
  • Belle Chasse Belle Chasse
    9491 Highway 23
    Belle Chasse, LA
  • Luling Luling
    12843 Highway 90
    Luling, LA
  • Voters Road Voters Road
    606 Voters Road
    Slidell, LA
  • Reserve Reserve
    3334 West Airline Highway
    Reserve, LA