Units
604
Type
Self Storage
9708 Greenwell Springs Rd, Baton Rouge, LA, 70814
Park Forest Self Storage$5,750,000
Key Information
NOI
$176,356
Highlights
- Recently converted facility in the Baton Rouge MSA totaling ±51,330 NRSF
- Dense surrounding population with over 48,000 people living in a 3-mile radius, and over 157,000 people living in a 5-mile radius
- Excellent visibility off US Greenwell Springs Rd, which sees over ±24,000 VPD
- Below market rents – asking rental rates are at least 25%+ below market on average for each unit size
- Attractive stabilized yields in the 8% – 9%+ range
- Eight housing developments in the pipline within a 3-mile radius, adding over 1,000 homes and apartments
- Faciltiy also includes 8 Retail Suites that total +-18,100 SqFt, with 7 being currenlty occupied.
Photos
Location
Agents
D
Doss AllenLicense # 768529 (TX)
H
Hunter ReynoldsLicense # 414787 (GA)
A
Austin McLeodLicense # 394903 (GA)
Broker of Record
Donnie Jarreau
License # BROK.995704351-CORP (LA)Matthews Real Estate Investment Services, Inc.16173 Perkins Road Baton Rouge, LA 70810