Southdown Mini Storage
4840 LA-311, Houma, LA 70360
Overview
This is an exclusive opportunity to acquire Southdown Mini Storage, a 23,075 NRSF, featuring 68 drive-up units and 150 climate-controlled units. Southdown Mini Storage offers a plethora of different unit sizes to fit a variety of different client needs.
Property Details
Highlights
Strong Physical Occupancy Rate: The facility is currently 90.79% physically occupied across 23,075 NRSF.
Demographic Advantage: The property serves a population of 58,650
residents with an average household income of $86,755 within a 5-mile radius.
Strategic Location with High Traffic: Positioned along a corridor with an annual average daily traffic count of 14,500 vehicles.
Operational Stability with Upside: Current rents average approximately 30% below competing facilities, offering investors an opportunity to enhance revenue through rate adjustments while maintaining high occupancy.
Proximity to Major Retail Corridors: Located within two miles of major retailers including Target, Walmart, Home Depot, Aldi, Lowe’s, and Dollar General.
Location
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