Rosepine and Diboll Storage Portfolio
Rosepine, LA
Executive Summary
Summary
- Addresses 7627 Memorial Dr, Rosepine, LA 70659 | 303 N Hendrick Ave & 503 S. 1st Street, Diboll, TX 75941
- Price $800,000
- Cap Rate 7.85%
- Lot Sq. Ft. 110,817
- Total Acreage 2.54
- Rentable Sq. Ft. 11,950
- Price/Sq.Ft. $66.97
- Number of Units 117
- Occupancy 94%
- Number of Buildings 5
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me."
The Calvary Realty National Storage Group is pleased to present the Rosepine and Diboll Self Storage Portfolio. This portfolio consists of two well-maintained storage facilities located in Louisiana and Texas, offering a total of 117 units across a combined enclosed square footage of 11,950 square feet. Situated in desirable locations, the first property, Rosepine Self Storage, is located at 7627 Memorial Dr, Rosepine, LA 70659. It encompasses 5,950 square feet of enclosed space on 1.29 acres with 63 storage units. This facility has been operational since 1998 and boasts a high physical occupancy rate of 94%. The second facility, Diboll Self Storage, is located at 303 N Hendrick Ave and 503 1st St., Diboll, TX 75941, offering 6,000 square feet of enclosed space on 1.02 acres with 50 units. This property was initially built in 1978 and was updated in 2013, currently achieving a 94% physical occupancy rate.
Both facilities are located in convenient, accessible areas. Rosepine Self Storage benefits from its proximity to US Highway 171, providing ease of access to the local community. Diboll Self Storage is located near US Highway 59, with a traffic count of 1,849 cars daily, which enhances its visibility. Collectively, the portfolio sits on 2.31 acres of land, presenting potential for expansion and incre ased revenue generation.
These facilities offer high occupancy rates, underscoring their desirability among tenants. Local management allows for perso nalized service, which has contributed to maintaining consistently high occupancy levels. Both properties operate under Easy Storage management software, enabling electronic rentals, bill payment options, and the integration of tenant insurance, providing te nants with a seamless experience while boosting the operational efficiency of the properties.