Stabilized New Orleans MSA Self-Storage Opportunity – Gretna, LA
480 Wall Blvd Gretna, LA 70056

Under Agreement
NRSF
52,575
Gretna, LA
Core+
Modern security amenities, nine (9) 24/7 video surveillance cameras, keypad entry, security gates and more.
Ability to increase rental rates.
High Physical Occupancy at 99%.
Optimized unit mix that features a desirable ratio of drive up and interior, non-climate controlled units.
Manager’s Apartment.
Located in a densely populated market.

Cushman & Wakefield’s Self Storage Advisory Group has been selected to exclusively market the sale of a value-add self-storage asset located in Gretna, Louisiana which is just a few miles from the New Orleans CBD.

Gretna is located in Jefferson Parrish and is the second largest city in the Parrish. Gretna sits on the west bank of the Mississippi River, right across the river from the City of New Orleans and is known for it’s fishing activities, swamp tours, theaters, museums, world class cuisine and unique shopping. Gretna’s geographic location provides easy access to New Orleans and the gulf coast.

This Louisiana based self-storage asset has 52,575 rentable square feet. This single story facility offers a well planned mix of drive up and interior-non climate controlled units. Currently 99% physically occupied, there is a significant opportunity for an investor to raise rental rates as well as improve the overall management strategy.

Equipped with 352 total units, sitting on 2.4 acres, this facility is surrounded by residential and multi family developments that are home to 90,000 people with a $85,000 average household income, within a 3-mile radius.

This sale presents investors with an opportunity to acquire a physically stabilized self storage asset with a historical track record of achieving positive NOI growth.




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