NOLA Trophy Self-Storage Opportunity – New Orleans, LA
4866 Tchoupitoulas St, New Orleans, LA 70115
Sold
NRSF
87,750
New Orleans
Core
Core Location: Core New Orleans location and trade area, situated in the Uptown / West Riverside neighborhood, near Magazine Street and the historic Garden District
Institutional Quality: Best-in-class, trophy self-storage facility generating approximately $200,000 per month in rent
Strong Occupancy and Rent Growth: 8.9%increase in net rent per occupied square foot and 6.6% occupancy growth from December 2023 to December 2024
Strong Demographics: Over 50,000 people live within a 10-minute drive of the facility and median household incomes are over $94,500 within that same drive distance
Excellent Tenant Insurance Penetration: Around 72% tenant insurance penetration which generates approximately $147,000 in additional annual revenue
Cushman & Wakefield’s Self Storage Advisory Group has successfully represented the sale of the Nola Trophy Self Storage (Extra Space managed).
