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106 Elizabeth Dr - 136 Unit Mini-Storage Facility w/Addit'l Land 19,482 SF Specialty Building Offered at $1,500,000 at a 7.33% Cap Rate 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.
- 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.
Property Facts
| Price | $1,500,000 | Building Class | B |
| Price Per SF | $76.99 | Lot Size | 1.68 AC |
| Sale Type | Investment or Owner User | Building Size | 19,482 SF |
| Cap Rate | 7.33% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2012 |
| Property Subtype | Self-Storage | Parking Ratio | 0.72/1,000 SF |
| Zoning | C-3 - Commercial | ||
| Price | $1,500,000 |
| Price Per SF | $76.99 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.33% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.68 AC |
| Building Size | 19,482 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | C-3 - Commercial |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $178,620 | |
| Land Assessment | $5,980 | Total Assessment | $184,600 |
Property Taxes
Parcel Numbers
Land Assessment
$5,980
Improvements Assessment
$178,620
Total Assessment
$184,600
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106 Elizabeth Dr - 136 Unit Mini-Storage Facility w/Addit'l Land