Slidell Lock Storage

$4,270,000 | 40,450 NRSF | 390 Units | 99 Parking | Slidell, LA
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INVESTMENT OVERVIEW

Slidell Lock Storage offers 2 facilities, located just an 11-minute drive from one another. Together, they run at 89% physical occupancy and 87% economic occupancy, and have a total of 390 units, 40,450 NRSF.

They each supply traditional and boat/RV storage to a wide range of residents running north- south in the growing, family-friendly city of Slidell. With great visibility from both locations, and consistent cash-flow already in place, these sites provide a compelling opportunity to capture upside on month- month income. Each site features security cameras, fencing, and a gated entrance, and each site also includes an apartment that could be utilized for management purposes or as an extra source of rental income.

INVESTMENT HIGHLIGHTS

  • Strong population density and demand in the surrounding markets support continued stability and growth potential.
  • Opportunity exists through the ability to increase occupancy levels and capture additional rental income.
  • Great visibility from both locations, high traffic counts and positioned on popular throughways.

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

SLIDELL LOCK STORAGE
Address: 4532 Pontchartrain Dr Slidell, LA 70458
NRSF: 25,050 NRSF UNITS: 159 Units | Parking
SLIDELL LOCK STORAGE – ANNEX
Address: 60041 US-11 Slidell, LA 70458
NRSF: 15,400 NRSF UNITS: 132 Units | 41 Car Parking
SLIDELL LOCK STORAGE TOTALS
Total NRSF: 40,450 NRSF
Total UNITS: 390 Units | 99 Parking
Total Land Size: 1.96 Acres
County: St. Tammany Paris
Physical Occupancy: 88.7 % | 85.2%
Economic Occupancy: 87.45%
Building Count: 14 Buildings

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