6-Property New Orleans Self-Storage Portfolio Opportunity – New Orleans, LA
Sold
NRSF
468,670
6 - Property Portfolio
New Orleans MSA
Six well-maintained and secure self storage properties in and around New Orleans with occupancies ranging from 80.3% to 89.9%
Rare opportunity to expand or create a presence in a Top 50 MSA with high-quality assets with over $6.8 million in in-place NOI with some upside in rental rates at the Erato Street location
This investment opportunity allows asset managers to tour all six assets in a single day, providing a seamless and efficient means of portfolio management
Investors will benefit from highly stable cash flow with significant occupancy and rental rate upside at the Erato Street and Lapalco locations
Optimal store sizes at ~78,000 RSF per facility
Cushman & Wakefield’s Self Storage Advisory Group has successfully completed the sale of Safeguard Self Storage – New Orleans Portfolio.
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