Simple Storage Lafayette MSA Listing Details & Market Data

Abbeville is the county seat of Vermillion Parish and is located just 150 miles west of New Orleans and 60 miles southwest of Baton Rouge. The Lafayette MSA is the fast growing area in Louisiana with almost 500,000 people. Abbeville remains a destination for oyster lovers who satisfy their cravings at a cluster of modern mollusk emporiums. The city's French heritage runs deeper still, beginning with its founder, the Catholic missionary Père Antoine Désiré Mégret, who in 1843 named Abbeville for his hometown in France. Abbeville is an agricultural trade and processing center for rice, sugarcane, dairy products, locally sold corn, cotton, and seafood, in particular crawfish, alligator, and crab. The oil and natural gas fields off the coast in the Gulf of Mexico are serviced by companies throughout the region including Abbeville. Chemical products and consumer goods are manufactured locally. A related tourist attraction is a large open-kettle sugarcane syrup mill.SHOVEL READY PERMITS IN PLACE to convert warehouse to climate control storage! SVN and SelfStorageSales.com are pleased to offer for sale Simple Storage in the Lafayette MSA. Lafayette is the fastest growing area in Louisiana. The facility is located in the Heart of the Abbeville retail area- just behind Walgreens and next door to a nursing home and apartment complex! The property is fully fenced, set up on a remote management system and has a manual gate. This is a value-add self-storage facility featuring 22,100 SF which is 12,400 SF of non-climate storage, an 8,200 SF conversion opportunity (empty warehouse with approvals and building permits in place!), plus a 1,500 SF 3 bedroom apartment. This property is being offered at a low $/SF basis to account for the necessary lease up & stabilization. Paint and Gravel would really give this property the final boost. There is a low saturation rate of 6.7 SF/Capita for Self-Storage within a 5-Mile Radius. With the prime location and the conversion opportunity, this property has great potential!