Hammond, LA & Pass Christian, MS
$2,190,000
This Value Storage Units Portfolio is a 3-property self-storage portfolio with two locations in Hammond, LA and one location in Pass Christian, MS. The portfolio consists of regular drive-up storage units, climate control units, open boat/rv parking, commercial space and a residential duplex.
Value Storage Units of Hammond #1 is located at 45046 Carpanzano Road and includes a total of 98 units. There are 90 regular storage units including 14,880 RSF, 8 open boat/rv parking spaces that include 2,880 RSF, two commercial structures that include 3,360 SF and a residential duplex that is 990 SF. (NOTE: the two commercial structures are both 1,680 SF each. One of the buildings is rented to Auto World Supply while the other building has a pest control company utilizing approximately 1,300 SF with the remaining 380 SF used for the facility office.)
Value Storage Units of Hammond #2 is located at 45285 Crapanzano Road and includes a total of 102 units. There are 56 regular storage units including 8,200 RSF and 46 climate control units including 4,500 RSF.
Value Storage Units of Pass Christian is a 6,000 RSF drive-up storage facility. It’s located along Menge Avenue and situated across the street from Pineville Elementary School. Current rents are well below market therefore rates could be increased. Additionally, the 1.3 +/- acres leaves room for expansion which will also add value to the existing units.
The property is currently zoned E-1 (low density residential) and legal non-conforming.
