3608 Heard Rd - CubeSmart Self Storage (Third Party Managed)
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3608 Heard Rd - CubeSmart Self Storage (Third Party Managed)
62,705 SF Speciality Building Offered at £3,765,168 in Lake Charles, LA 70605
Investment Highlights
- Lake Charles, Louisiana
- $101.7 Million Nelson Road Expansion Underway
- 31,491 Average Daily Traffic Count (Nelson Rd)
- Population of 99,081 Within 5-Mile Radius
- $87,547 Average Household Income
- 1.0 Mile to Walmart, Sam’s Club, Target
Executive Summary
https://versalpartners.com/properties/cubesmart-lake-charles/
CubeSmart Self Storage (Third Party Managed) is a 62,705 NRSF facility located in Lake Charles, Louisiana.
The property features a total of 403 units, and 25% of the property’s NRSF is climate controlled. The average unit size for non-climate controlled units is 167 square feet, while the average unit size for climate controlled units is 127 square feet.
Demographics within a 5-mile radius of the facility include a population of 99,081 residents with an average household income of $87,547. The property is less than 0.5 miles from Nelson road, which is currently undergoing a $101.7 million expansion to improve access to the area.
The current average daily traffic count of Nelson Road is 31,491 vehicles. Major retailers including Walmart, Sam’s Club, Target, and more are also within a mile of the facility.
Construction highlights include asphalt driveways, metal and steel buildings, and an on-site office. The facility is fully equipped with gated keypad access, perimeter fencing, exterior lighting and security cameras.
Physical occupancy of the property is currently 50%, giving a potential buyer the opportunity to fill vacant units and generate additional revenue. Economic occupancy is currently 54%. The property is valued at $76.55 per NRSF. CubeSmart Self Storage (Third Party Managed) is listed for sale at $4,800,000.
CubeSmart Self Storage (Third Party Managed) is a 62,705 NRSF facility located in Lake Charles, Louisiana.
The property features a total of 403 units, and 25% of the property’s NRSF is climate controlled. The average unit size for non-climate controlled units is 167 square feet, while the average unit size for climate controlled units is 127 square feet.
Demographics within a 5-mile radius of the facility include a population of 99,081 residents with an average household income of $87,547. The property is less than 0.5 miles from Nelson road, which is currently undergoing a $101.7 million expansion to improve access to the area.
The current average daily traffic count of Nelson Road is 31,491 vehicles. Major retailers including Walmart, Sam’s Club, Target, and more are also within a mile of the facility.
Construction highlights include asphalt driveways, metal and steel buildings, and an on-site office. The facility is fully equipped with gated keypad access, perimeter fencing, exterior lighting and security cameras.
Physical occupancy of the property is currently 50%, giving a potential buyer the opportunity to fill vacant units and generate additional revenue. Economic occupancy is currently 54%. The property is valued at $76.55 per NRSF. CubeSmart Self Storage (Third Party Managed) is listed for sale at $4,800,000.
Property Facts
| Price | £3,765,168 | Lot Size | 4.14 AC |
| Price Per SF | £60 | Building Size | 62,705 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 1998 |
| Property Subtype | Self-Storage |
| Price | £3,765,168 |
| Price Per SF | £60 |
| Sale Type | Investment |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Lot Size | 4.14 AC |
| Building Size | 62,705 SF |
| Number of Floors | 1 |
| Year Built | 1998 |
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PROPERTY TAXES
| Parcel Number | 00105759A | Improvements Assessment | £99,918 |
| Land Assessment | £5,585 | Total Assessment | £105,503 |
PROPERTY TAXES
Parcel Number
00105759A
Land Assessment
£5,585
Improvements Assessment
£99,918
Total Assessment
£105,503
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3608 Heard Rd - CubeSmart Self Storage (Third Party Managed)
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