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National Storage Affiliates announces the acquisition of 2-property Louisiana self-storage portfolio for $8M
The self-storage facilities has a total of 121,705 net rentable square feet

August 15, 2016: Based in Greenwood, Colorado, a Maryland real estate investment trust (REIT), National Storage Affiliates, specializing in self-storage, has recently purchased the two-property Neighborhood Mini Storage portfolio in Louisiana. 

The facilities are situated at 14401 Highway 44 in Gonzalez and 36501 Oak Plaza Ave. in Prairieville. 

The Gonzales facility includes two single-story buildings containing 447 units. It features 24-hour video surveillance, electronic gate access, a professional leasing office and wide concrete drives.

The Prairieville location includes six single-story buildings and one multi-story building with an elevator. It contains 386 units. Features include 24-hour video surveillance, electronic gate access, perimeter fencing and exterior lighting. This facility also serves as an authorized U-Haul dealer as well as a FedEx and UPS shipping center.

The seller, a private investor, was represented in the transaction by Charles “Chico” LeClaire, senior vice president of investments, and Adam Schlosser, vice president of investments, in the Denver office of commercial real estate firm Marcus & Millichap.

http://www.insideselfstorage.com Reports: 
“These two assets, located in the suburbs of Baton Rouge, are [two] of the nicest facilities in the local market,” LeClaire said. “The property in Gonzales was built just before Hurricane Katrina and expanded shortly thereafter; and the Prairieville facility is of even newer construction. Both properties are in excellent locations, with strong demographics and great visibility. This was an excellent opportunity for National Storage Affiliates to expand their presence in Louisiana, and the seller was able to obtain a great price from an aggressive bidding environment.

Established in the year 1971, Marcus & Millichap is a commercial-property investment firm with more than 1,500 investment professionals in offices throughout Canada and the United States. 

Source: www.insideselfstorage.com