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$ 825,000
Est. payment /mo
New
16052 Lamonte Drive Hammond, LA 70403
17,370 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 17,370 sqft
Price per Sqft $47
Subdivision Commercial Park
MLS Listing ID NO2565459
Lot Size 42253.200 Acres
Acres 0.97
Property Sub-Type Industrial
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
Zoning com
Exterior
Parking Features None
Garage false
Building
Level or Stories 1
Others
Tax ID 5480205
Listed by NextHome Real Estate Professionals