Services - Storage & Warehousing

Asking Price	$2,600,000	Inventory
Gross Income	$241,080	Real Estate
Cash Flow	Not Disclosed	Year Established	1993
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

*Located in a stable economic market * Excellent CAP rate on trailing 12 month income *Facility is in good condition *Located on a major highway with new development in the area *Close to the airport *Never been flooded This is an established self storage facility located in Houma, Louisiana. Houma is approximately 50 miles southwest of New Orleans. Houma s economy has been stabilized by their oil, medical & seafood industries. Houma currently has the lowest unemployment rate in the United States. The property is located on a major highway eight minutes from the Houma Terrebonne Airport. There are many new developments in the area including shopping centers and a new hotel down the street. The traffic count in front of the property is over 20,000 cars per day and the state has plans to widen the highway from two lanes to five lanes. The facility is priced at a 9% CAP Rate at 73% occupancy and includes one cleared an extra 1.671 acre of land which could be sold or used for expansion. For More Info please contact Brokers Jon Cerruti at 504-366-6800 or David Laney at 505-286-2060

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