106 Elizabeth Dr, Saint Martinville, LA 70582

Building Details

Year Built

2012

Listing office Saurage Rotenberg Commercial Real Estate

Listing date Jul 26, 2022

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Saurage Rotenberg Commercial Real Estate

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Overview

This property features a 136-unit mini-storage facility, consisting of 30 climate-controlled units and 106 non-climate-controlled units. The units are leased on a month-to-month basis and maintain approximately 95% occupancy. The facility is well-maintained and generates an NOI of $110,000 with a 7% cap rate. Current rental rates are below market value, contributing to low management costs. The property includes 0.53 acres of land that can be used for additional storage units. The total acreage is 1.729 acres. It has 309 feet of frontage on Elizabeth Dr. The property is located in Flood Zone "X", indicating no flood risk. Also available is a 24-unit apartment complex with additional land on Teresa Dr.

Suggested Use

Hair Salon Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pharmacy Spa & Massage Center Gym & Fitness Center Auto Repair Shop Restaurant Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Saint Martinville

County

St. Martin

State

Louisiana

Longitude

-91.822074

Latitude

30.143333

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FAQs

What type of property is this?

Self storage facility - 136-unit mini-storage facility with expansion potential in St. Martinville.

Where is this self storage facility located?

The property is located at 106 Elizabeth Dr Saint Martinville, LA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: High Occupancy Rate: Stays 95% fully occupied, indicating strong demand; Income Generation: Generates $110,000 Net Operating Income (NOI); Expansion Potential: 0.53 Acres available for building additional storage units