NOLA Lock Portfolio

$6,885,000 | 75,300 NRSF | 663 Units | New Orleans & Slidell, LA

Call for Offers:

January 29, 5:00 PM

INVESTMENT OVERVIEW

The New Orleans Lock Portfolio consists of three self-storage properties across the greater New Orleans metropolitan area. The New Orleans Lock Storage facility is situated within the iconic city of New Orleans, while the second and third properties—Slidell Lock Storage and its nearby annex—are located approximately five miles apart in the thriving community of Slidell, southeast of the city.

Together, these properties represent a premium investment opportunity supported by strong income performance, robust population growth, and a favorable supply-per-capita ratio.
The portfolio offers over 75,000 NRSF with healthy physical and economic occupancy levels—and clear potential for continued revenue growth. Additional growth could also be achieved at the US-11 location, where there is  plenty of additional land should a new owner want to consider planning for an expansion in the future.

New Orleans Lock Storage provides a diverse mix of units, including drive up, RV, boat, and vehicle parking, as well as  two apartments in Slidell. All sites feature 24-hour access, security cameras, fencing, and gated entry and owners have recently improved sites with modifications such as a fresh coat of paint, gutter clean-outs, tree trimming, and an updated gate at one location.

With consistent cash flow and room for occupancy expansion, the New Orleans Lock Portfolio presents investors with a compelling opportunity to capture upside and drive month-over-month income growth in a proven market.

INVESTMENT HIGHLIGHTS

  • Strong population density and demand in the surrounding markets support continued stability and growth potential.
  • Significant upside opportunity exists through the ability to increase occupancy levels and capture additional rental income.
  • Positioned on US-11, the critical artery between the two cities, the Slidell sites benefit from high traffic counts and excellent visibility.
  • A rare chance to simultaneously acquire and operate three facilities located within a 30-mile radius, capturing market share in two major urban areas.

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

NEW ORLEANS LOCK STOTAGE
Address: 7911 Bullard Ave, New Orleans, LA 70128
NRSF: 34,850 NRSF UNITS: 273 Units
SLIDELL LOCK STOTAGE
Address: 4532 Pontchartrain Dr Slidell, LA 70458
NRSF: 25,050 NRSF UNITS: 159 Units | Parking
SLIDELL LOCK STOTAGE – ANNEX
Address: 60041 US-11 Slidell, LA 70458
NRSF: 15,400 NRSF UNITS: 132 Units | 41 Car Parking
NOLA LOCK PORTFOLIO
Total NRSF: 75,300 NRSF
Total UNITS: 564 Units/ 99 Parking
Total Land Size: 4.19 Acres
County: Orleans Parish   |   St. Tammany Paris
Physical Occupancy: 83.5 % | 80.3%
Economic Occupancy: 86.6%
Building Count: 21 Buildings

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