CubeSmart Self Storage (Third Party Managed)
62,705 SF Specialty Building Offered at $4,800,000 in Lake Charles, LA 70605
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,800,000
- Property Type
-
Specialty
- Square Feet
- 62,705 SF
- Price / Square Foot
- $77
Listing Contacts
Bill Bellomy
Verified Profile
Logan Foster
Verified Profile
Hugh Horne
Verified Profile
Michael Johnson
Verified Profile
Trishia Lacambra
Verified Profile
- Property Info
Property Overview
https://versalpartners.com/properties/cubesmart-lake-charles/
CubeSmart Self Storage (Third Party Managed) is a 62,705 NRSF facility located in Lake Charles, Louisiana.
The property features a total of 403 units, and 25% of the property’s NRSF is climate controlled. The average unit size for non-climate controlled units is 167 square feet, while the average unit size for climate controlled units is 127 square feet.
Demographics within a 5-mile radius of the facility include a population of 99,081 residents with an average household income of $87,547. The property is less than 0.5 miles from Nelson road, which is currently undergoing a $101.7 million expansion to improve access to the area.
The current average daily traffic count of Nelson Road is 31,491 vehicles. Major retailers including Walmart, Sam’s Club, Target, and more are also within a mile of the facility.
Construction highlights include asphalt driveways, metal and steel buildings, and an on-site office. The facility is fully equipped with gated keypad access, perimeter fencing, exterior lighting and security cameras.
Physical occupancy of the property is currently 50%, giving a potential buyer the opportunity to fill vacant units and generate additional revenue. Economic occupancy is currently 54%. The property is valued at $76.55 per NRSF. CubeSmart Self Storage (Third Party Managed) is listed for sale at $4,800,000.
CubeSmart Self Storage (Third Party Managed) is a 62,705 NRSF facility located in Lake Charles, Louisiana.
The property features a total of 403 units, and 25% of the property’s NRSF is climate controlled. The average unit size for non-climate controlled units is 167 square feet, while the average unit size for climate controlled units is 127 square feet.
Demographics within a 5-mile radius of the facility include a population of 99,081 residents with an average household income of $87,547. The property is less than 0.5 miles from Nelson road, which is currently undergoing a $101.7 million expansion to improve access to the area.
The current average daily traffic count of Nelson Road is 31,491 vehicles. Major retailers including Walmart, Sam’s Club, Target, and more are also within a mile of the facility.
Construction highlights include asphalt driveways, metal and steel buildings, and an on-site office. The facility is fully equipped with gated keypad access, perimeter fencing, exterior lighting and security cameras.
Physical occupancy of the property is currently 50%, giving a potential buyer the opportunity to fill vacant units and generate additional revenue. Economic occupancy is currently 54%. The property is valued at $76.55 per NRSF. CubeSmart Self Storage (Third Party Managed) is listed for sale at $4,800,000.
Property Details
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 180,338 SF
Highlights
- Lake Charles, Louisiana
- Population of 99,081 Within 5-Mile Radius
- $101.7 Million Nelson Road Expansion Underway
- $87,547 Average Household Income
- 31,491 Average Daily Traffic Count (Nelson Rd)
- 1.0 Mile to Walmart, Sam’s Club, Target
Nearby Properties
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