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2209 Richard St 22,420 SF Specialty Building Offered at $1,500,000 at a 4.20% Cap Rate in Abbeville, LA 70510
Investment Highlights
- Fenced and Gated with 3rd party management in place.
- 15,000 people in a 3 mile radius.
- Located just off of Veterans Memorial Drive with 17,000 cars/day.
- 8200 warehouse conversion to 67 Climate Controlled Self Storage units!
Executive Summary
SVN and SelfStorageSales.com are pleased to o?er for sale Simple Storage Abbeville. This is a value-add Self-Storage facility featuring 12,400 NRSF of non-climate storage, a 1,500 SF apartment and a brand new 8200 sqft warehouse conversion to 67 climate-control units! The conversion presents significant upside to the next owner. Leasing up at a rate of 5-10% monthly! There is a low supply rate of 6.7 SF/Capita for Self- Storage within a 5-Mile radius. Primate retail location between Walgreens, Eastridge Nursing Home, and Oakleigh Apartments for a built in tenant base!
Property Facts
| Price | $1,500,000 | Property Subtype | Self-Storage |
| Price Per SF | $66.90 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.68 AC |
| Cap Rate | 4.20% | Building Size | 22,420 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1998 |
| Zoning | Industrial/Office/Retail - Industrial/Office/Retail | ||
| Price | $1,500,000 |
| Price Per SF | $66.90 |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.68 AC |
| Building Size | 22,420 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Zoning | Industrial/Office/Retail - Industrial/Office/Retail |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | RA099200 | Improvements Assessment | $7,000 |
| Land Assessment | $1,550 | Total Assessment | $8,550 |
Property Taxes
Parcel Number
RA099200
Land Assessment
$1,550
Improvements Assessment
$7,000
Total Assessment
$8,550
Contacts
-
Doug Wilson -
Kristen Asman -
Justin Toomey -
Mary K O'Malley, CCIM -
SVN | Wilson Commercial Group, LLC
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