New Orleans Lock Storage

$2,180,000 | 34,850 NRSF | 273 Units | New Orleans, LA
1
2
3
bweb 9
bweb 12
bweb 13
bweb 17
bweb 16
bweb 10
Get Offering Memorandum

INVESTMENT OVERVIEW

Executive Summary: The New Orleans Lock Storage facility is situated within the iconic city of New Orleans. Consisting of 38,750 NRSF and 273 rentable units, the site offers traditional drive- up and parking options for its customers. At 75% physical occupancy, this site represents a great opportunity for a new investor, to enhance current operations and provide local or professional management.

The property is located in a heavily populated area, residential area and is currently run on a part-time basis, with little on site management in place. With a new and fresh approach in place, along with some successful rate management, this site carries a strong opportunity for upside.

INVESTMENT HIGHLIGHTS

  • Opportunity to improve operations and occupancy levels through focused management.
  • Heavily populated trade area. Convenient location to many nearby residents.
  • Great size property for new/first time storage investor.

LEAD BROKER

Taylor Dooley

Taylor Dooley  | Vice President of Investments
O: 727.219.2642 | M: 508.681.5924
Taylor@meridianstoragegroup.com
FL Lic. SL3416087

FACILITY SUMMARY

Property Name: New Orleans Lock Storage
Address: 7911 Bullard Ave, New Orleans, LA 70128
County: Orleans Parish
Land Size: 2.23 Acres
Total NRSF: 34,850 NRSF
Total Units: 273 Units
Physical Occupancy: 75%
Economic Occupancy: 86%
Building Count: 6 Single Story Buildings

Get More Information

To access the Offering Memorandum and the Buyer Portal, please . Don’t have an account already? Register today.

*Email verification is required.