Cap Rate
7%
Tot. SF
34,573
9063 US-165, Woodworth, LA, 71485
Louisiana Self Storage Portfolio$2,810,000
Key Information
Units
269
Year Built
2000
Type
Self Storage
NOI
$196,549
Highlights
- Two facilities totaling ±34,573 NRSF located ±11.69 miles from one another
- Opportunity to increase non-climate-controlled rents at both locations – the Woodworth non-climate controlled rents are 30% below market on average and the Pineville non-climate controlled rents are 14% below market on average
- Pineville location also includes 7 retail suites totaling 1,483 square feet
- Attractive 7.00% day-1 cap rate based on NOI with adjusted expenses
Photos
Location
Agents
H
Hunter ReynoldsLicense # 414787 (GA)
A
Austin McLeodLicense # 394903 (GA)
Broker of Record
Donnie Jarreau
License # BROK.995704351-CORP (LA)Jarreau Real Estate16161 Perkins Road, Baton Rouge, LA 70810