Louisiana Self-Storage Portfolio

Investment Summary

For Immediate Release:SkyView Advisors recently closed the Louisiana Self-Storage Portfolio in Baton Rouge, Louisiana. The portfolio is comprised of 970 units across 126,180 net rentable square feet, with ample room for economic growth.The portfolio offers the new buyer significant value-add appeal, including the ability to convert warehouse spaces to premium storage options at the Shreveport location. There is also a prime opportunity to implement professional management to maximize efficiencies and further increase the portfolio’s presence within the Baton Rouge Metro Area. Merit Hill Capital was awarded the portfolio at closing. Scott Schoettlin represented the seller in this transaction. Inside the Deal:

  • Ample Upside Through Raising Rates by Four Percent to Reach Market Levels
  • Ability to Convert Warehouse Spaces on Shreveport to Premium Storage
  • Implement Professional Management for Efficient Operations and an Increased Market Presence
  • No New Developments Planned Within Five Miles of Each Location
  • Well-Positioned Assets on Major Roadways With Over 27,000 Vehicles Daily, Respectively

Net Rentable Square Feet
126,180 NRSF
Unit Count
970
Year Built
Multiple

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