6-Property New Orleans Self-Storage Portfolio Opportunity – New Orleans, LA

Access Deal Vault
Under Agreement
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 been exclusively retained to offer for sale the Safeguard Self Storage – New Orleans Portfolio.

This Portfolio presents an opportunity to acquire six self-storage facilities in the Greater New Orleans area. The Portfolio consists of 468,670 rentable square feet of self storage strategically located throughout New Orleans. The six facilities were completed between 1997 and 2020. As of July 2024, the six facilities had physical occupancies between 80.3% and 89.4%. The Erato Street store in Downtown New Orleans was recently expanded in 2020, 44,136 rentable square feet, and is currently approaching economic stabilization.

New Orleans stands as a city of diversity and resilience, underpinned by a dynamic economy. It’s a city where tourism, energy, healthcare, education, and technology converge to create a vibrant economic landscape. The allure of its cultural richness and dynamic festivities draws millions of tourists annually. The energy sector marks its significance with a substantial footprint in oil and gas. Healthcare and education flourish here, with top-tier medical centers and prestigious academic institutions. Moreover, the city is nurturing an emerging tech and startup scene, promising continued growth fueled by investments in infrastructure and urban renewal.

The Portfolio is perfect for a buyer looking to expand or create a presence in a Top 50 MSA with high-quality assets with over $6.8 million in in-place NOI. The assets are all located in close proximity to one another which enables asset managers to tour the Portfolio efficiently. Due to its recent expansion, there is still significant room to pass through ECRI’s on select tenant segmentations at the Erato Street location.

Access Deal Page Here: New Orleans Self-Storage Portfolio Opportunity

New Orleans Self-Storage Portfolio

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  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the New Orleans MSA, 6-Property, Self-Storage Portfolio Opportunity – New Orleans, LA. To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers. By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents. By accepting the Offering Memorandum, Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller. The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived. The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker. Upon receipt of a written request, you will return the Offering Memorandum to the seller or Broker, without retaining any copies. No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement. This agreement shall be governed by the laws of the State of New York without regard to conflict of laws principles. I have read & agree to terms of the Confidentiality Agreement above.



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