Value Add Self Storage Facility In Slidell

Value Add Self Storage Facility In Slidell Value add self storage facility located in Slidell, Louisiana within the New Orleans Metairie metropolitan area, serving a population of over 966,000 residents. Offered at $795,000, the property provides an in place cap rate of approximately 4.56 percent with upside to over 9 percent through lease up and operational improvements. The facility consists of approximately 11,886 net rentable square feet across 98 storage units within two buildings. Current physical occupancy is approximately 72 percent, excluding owner occupied units, presenting immediate opportunity to increase revenue through leasing vacant units and optimizing rental rates. Constructed in the mid 1990s and renovated in the late 2000s, the property sits on approximately three acres and benefits from strong visibility, convenient access to major highways, and limited competing supply in the immediate area. The surrounding market features dense residential neighborhoods, strong household incomes, and constrained new development. Additional features include 24 hour tenant access and enhanced security systems. This offering represents a solid opportunity to acquire a well located self storage asset with clear value add potential in a stable and growing Louisiana market.