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16052 Lamonte Drive Hammond, LA 70403
- $825,000
- 17,370 sq ft
- Year Built: 1994
- Commercial
- Listing #2565459
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.
Listing Details
| Price | $825,000 |
|---|---|
| Year Built | 1994 |
| Property Type | Commercial |
| Listing # | 2565459 |
| Status | Active |
| Listing Type | For Sale |
Interior Features
| Square Feet | 17,370 |
|---|
Exterior Features
| Lot Size | 0.97 acres |
|---|
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