For Sale
$2,640,000

1516 Keyser AveNatchitoches, LA 71457

High-Yield Self Storage Facility, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional self-storage opportunity presents a 73,500-square-foot facility located at 1516 Keyser Ave, Natchitoches, Louisiana, 71457. The property boasts 470 units and offers significant upside potential. Currently priced at $2,640,000, this represents a compelling value at $35.92 per square foot, well below replacement cost. The property features a current NOI of $141,498 and a 5.36% cap rate, but a pro-forma NOI of $258,885 projects a significantly higher 9.81% pro-forma cap rate. This increase is driven by the potential for substantial rent increases

Highlights

  • Exceptional value at $35 per rentable square foot, well below replacement cost.
  • Over one acre of vacant land included for expansion.
  • Significantly below-market rents with 20% upside potential.
  • Substantial revenue growth opportunity through increased occupancy and ancillary income.

Property Details for 1516 Keyser Ave

Property type
Self storage facilities
Square Feet
73,500 SF
Year Renovated
1983
Units
470

Location Insight

City
Natchitoches
County
Natchitoches Parish
State
Louisiana
Latitude
31.7528293
Longitude
-93.0558894
1516 Keyser Ave, Natchitoches, Louisiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1516 Keyser Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message