A Cajun Mini Storage Portfolio (5) 5 Specialty Properties in Multiple Locations

Offered as a portfolio sale on a market-bid basis; Call for Offers is November 12, 2025. Combined, the assets contain 45,340 NRSF and 483 units across five addresses in Thibodaux, Bourg, and Houma. Current portfolio occupancy is 89%, supporting Annual Base Rent of $376,992. Buyers gain multiple levers for NOI growth, including targeted pricing, late-fee optimization, retail sales, and tenant-insurance penetration.
A Cajun Mini-Storage is a five-facility self-storage portfolio totaling 45,340 NRSF across 483 rentable units throughout Thibodaux, Bourg, and Houma. The assets are clustered within the Houma–Thibodaux corridor, enabling efficient oversight and shared marketing. The mix of climate-controlled and drive-up units captures steady, needs-based demand from nearby neighborhoods and small businesses. Portfolio-wide physical occupancy is 89% with Annual Base Rent of $376,992, or $8.31/SF and $780.52 per unit, providing immediate cash flow with upside through revenue management.
Operations have been locally managed under the A Cajun brand, creating stickiness through hands-on service and strong customer recognition. Trailing-12 performance indicates approximately $354,075 of EGI and $193,727 of NOI, while Year-1 pro forma projects ±$437,304 of EGI and ±$210,250 of NOI as pricing, fee income, and insurance penetration mature. The portfolio’s independent-heavy competitive set and limited new construction support incremental rate growth and ancillary income expansion.
The properties sit within Lafourche and Terrebonne Parishes, west of New Orleans, with direct access via US-90 and LA-1/20/24 to Houma, Thibodaux, and the Greater New Orleans market. Port Fourchon anchors Gulf energy logistics, while Louis Armstrong New Orleans International Airport lies roughly 55 miles away, supporting commerce and mobility. This transportation reach expands the customer base and sustains moving, contractor, and seasonal storage demand.
Regional employers span offshore energy services, shipbuilding, health care, and higher education. Terrebonne General Health System and Thibodaux Regional Health System drive daily trips and employment, and Nicholls State University plus Fletcher Technical Community College supply a steady flow of students and staff. Houma and Thibodaux function as retail and cultural hubs for surrounding parishes, reinforcing durable storage needs across a population exceeding 200,000 residents.