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$ 825,000
Est. payment | /mo
17,370 SqFt
$ 825,000
Est. payment | /mo
17,370 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,370 sqft
Price per Sqft $47
Subdivision Commercial Park
MLS Listing ID 2565459
HOA Y/N No
Year Built 1994
Lot Size 0.970 Acres
Acres 0.97
Property Description
Turnkey self-storage investment opportunity in growing Hammond, LA. Storage Boss is a 120-unit, drive-up (non-climate) facility offering 17,150 net rentable SF across six buildings on a 0.97-acre site along the I-12/I-55 corridor in Tangipahoa Parish. The property is stabilized at approximately 90% occupancy with a diversified unit mix and multiple income streams, including tenant insurance, admin, late, and auction fees. Offered at $825,000 — $75,000 below the $900,000 appraised value — reflecting a 7.68% going-in cap rate on a stabilized NOI of $63,395. Clear upside remains through below-market in-place rents, lease-up of available units, and owner-operator efficiencies. A clean, low-maintenance asset ideal for a regional operator or first-time storage investor. Financials and offering package available upon request. Each office is independently owned and operated.
Location
State LA
County Tangipahoa
Zoning com
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Other,Warehouse
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 5480205
Special Listing Condition None
Nearby Locations
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