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2209 Richard St
Abbeville, LA 70510 Vermilion Parish

$1,500,000 USD

Self Storage For Sale • 22,420 SF

Property Details

Property Type Self Storage
Total Building Size 22,420 SF
Lot Size 1.68 AC
Building Class B
Year Built 1998
Cap Rate 4.20 %
Zoning Industrial/Office/Retail

40 Walk Score

Description

SVN and SelfStorageSales.com are pleased to o?er for sale Simple Storage Abbeville. This is a value-add Self-Storage facility featuring 12,400 NRSF of non-climate storage, a 1,500 SF apartment and a brand new 8200 sqft warehouse conversion to 67 climate-control units! The conversion presents significant upside to the next owner. Leasing up at a rate of 5-10% monthly! There is a low supply rate of 6.7 SF/Capita for Self- Storage within a 5-Mile radius. Primate retail location between Walgreens, Eastridge Nursing Home, and Oakleigh Apartments for a built in tenant base!

                
                    Highlights
                
                                Fenced and Gated with 3rd party management in place
                            
                                Located just o? Veterans Memorial Drive with 17,000 cars/day
                            
                                15,000 people in a 3 mile radius
                            
                                8200 warehouse conversion to 67 Climate Controlled Self Storage units!

Property Flyers

Cap Rate:

4.20 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Teche Electric Supply Inc

Public Transportation

Airport	Drive	Walk	Distance
Lafayette Regional/Paul Fournet Field	37 min	-	23.9 mi

Doug Wilson 614-206-3881 SVN | Wilson Commercial Group, LLC

2209 Richard St Abbeville, LA 70510 Vermilion Parish