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
LEAD BROKER
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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