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106 Elizabeth Dr - 136 Unit Mini-Storage Facility w/Addit'l Land

19,482 SF Speciality Building Offered at £1,174,950 at a 7.33% Net Initial Yield in Saint Martinville, LA 70582

Investment Highlights

  • Additional Land Included
  • Flood Zone "X"
  • 309' Frontage on Elizabeth Dr.

Executive Summary

136 Unit Mini_Storage Facility For Sale
- 30 climate controlled units
- 106 non-climate controlled units
- All units are leased on a month to month basis
- Stays 95% fully occupied
- $110,000 NOI, 7% Cap Rate, current rental rates are below market value
- Low management cost
- Well maintained
- 1.729 Total Acres
- 0.53 Acres included in this sale, can be used for Additional Storage Units
- 309' frontage on Elizabeth Dr.
- Flood Zone "X" - no flood
- Also Available, 24-Unit Apartment Complex which also includes additional land on Teresa Dr.

Attachments

Flyer_106 Elizabeth Dr
Storage Rent Roll
Storage Unit Summary
Traffic_Count_Map__106 Elizabeth Dr.
Demographic_and_Income_Profile_106 Elizabeth Dr.
Drive Time Map_106 Elizabeth Dr.
Executive_Summary_106 Elizabeth Dr.

Property Facts

Price £1,174,950 Building Class B
Price Per SF £60 Lot Size 1.68 AC
Sale Type Investment or Owner User Building Size 19,482 SF
Net Initial Yield 7.33% Number of Floors 1
Property Type Speciality Year Built 2012
Property Subtype Self-Storage Parking Ratio 0.72/1,000 SF
Price £1,174,950
Price Per SF £60
Sale Type Investment or Owner User
Net Initial Yield 7.33%
Property Type Speciality
Property Subtype Self-Storage
Building Class B
Lot Size 1.68 AC
Building Size 19,482 SF
Number of Floors 1
Year Built 2012
Parking Ratio 0.72/1,000 SF
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 15801B2633
  • 15801B2331
  • 15801B2930
 Improvements Assessment £122,633
Land Assessment £4,684 Total Assessment £127,318

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15801B2633
  • 15801B2331
  • 15801B2930
Land Assessment
£4,684
Improvements Assessment
£122,633
Total Assessment
£127,318
(225) 766-0000 x919

Contact

  • Listing ID: 26260901

  • Date on Market: 26/07/2022

  • Last Updated:

  • Address: 106 Elizabeth Dr, Saint Martinville, LA 70582

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© 2024 CoStar Group

106 Elizabeth Dr - 136 Unit Mini-Storage Facility w/Addit'l Land
(225) 766-0000 x 919

106 Elizabeth Dr - 136 Unit Mini-Storage Facility w/Addit'l Land

Mike Stinson

(225) 766-0000

x919

(225) 766-0000 x919

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