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Value Storage Units 3-Property Portfolio 3 Specialty Properties Offered at $2,190,000 in Multiple Locations
Investment Highlights
- This Value Storage Units Portfolio is a 3-property self-storage portfolio with two locations in Hammond, LA and one location in Pass Christian, MS.
- Excellent visibility and access
- Includes climate control, regular, drive-up storage units, open boat/rv parking, commercial spaces, and a residential duplex
- Expansion Land Available (Hammond locations)
Executive Summary
This Value Storage Units Portfolio is a 3-property self-storage portfolio with two locations in Hammond, LA and one location in Pass Christian, MS. The portfolio consists of regular drive-up storage units, climate control units, open boat/rv parking, commercial space and a residential duplex.
Value Storage Units of Hammond #1 is located at 45046 Carpanzano Road and includes a total of 98 units. There are 90 regular storage units including 14,880 RSF, 8 open boat/rv parking spaces that include 2,880 RSF, two commercial structures that include 3,360 SF and a residential duplex that is 990 SF. (NOTE: the two commercial structures are both 1,680 SF each. One of the buildings is rented to Auto World Supply while the other building has a pest control company utilizing approximately 1,300 SF with the remaining 380 SF used for the facility office.)
Value Storage Units of Hammond #2 is located at 45285 Crapanzano Road and includes a total of 102 units. There are 56 regular storage units including 8,200 RSF and 46 climate control units including 4,500 RSF.
Value Storage Units of Pass Christian is a 6,000 RSF drive-up storage facility. It’s located along Menge Avenue and situated across the street from Pineville Elementary School. Current rents are well below market therefore rates could be increased. Additionally, the 1.3 +/- acres leaves room for expansion which will also add value to the existing units.
The property is currently zoned E-1 (low density residential) and legal non-conforming.
Value Storage Units of Hammond #1 is located at 45046 Carpanzano Road and includes a total of 98 units. There are 90 regular storage units including 14,880 RSF, 8 open boat/rv parking spaces that include 2,880 RSF, two commercial structures that include 3,360 SF and a residential duplex that is 990 SF. (NOTE: the two commercial structures are both 1,680 SF each. One of the buildings is rented to Auto World Supply while the other building has a pest control company utilizing approximately 1,300 SF with the remaining 380 SF used for the facility office.)
Value Storage Units of Hammond #2 is located at 45285 Crapanzano Road and includes a total of 102 units. There are 56 regular storage units including 8,200 RSF and 46 climate control units including 4,500 RSF.
Value Storage Units of Pass Christian is a 6,000 RSF drive-up storage facility. It’s located along Menge Avenue and situated across the street from Pineville Elementary School. Current rents are well below market therefore rates could be increased. Additionally, the 1.3 +/- acres leaves room for expansion which will also add value to the existing units.
The property is currently zoned E-1 (low density residential) and legal non-conforming.
Property Facts
| Price | $2,190,000 | Number of Properties | 3 |
| Price / SF | $57.88 / SF | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 37,840 SF |
| Status | Active | Total Land Area | 7.84 AC |
| Price | $2,190,000 |
| Price / SF | $57.88 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 1 |
| Total Building Size | 37,840 SF |
| Total Land Area | 7.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 45046 Crapanzano Rd, Hammond, LA 70401 | Specialty | 19,140 SF | 1998 | - |
| 45285 Crapanzano Rd, Hammond, LA 70401 | Specialty | 12,700 SF | 2005 | - |
| 5189 Menge Ave, Pass Christian, MS 39571 | Specialty | 6,000 SF | 2002 | $240,000 |
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Value Storage Units 3-Property Portfolio
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