29000 Walker Road South, Walker, 70785

Description:

29000 Walker Road South, Walker LA 70785. Sale price: $2,300,000. Rentable Square Feet: 41,377. Total Units: 309. Total Land Area: 2.09 acres. Number of Buildings: 7. Land for Expansion: yes Explosive growth in surrounding area, including new OLOL Hospital on Walker Road South and major growth from national retailers. Year Built: 1990’s Unit Occupancy: 85% Climate Control Units: 58 Total Square Feet: 41,577
Total Potential Self Storage Income: $306,000 Total Operating Expenses: $55,000 Net Operating Income: $196,062 which is an 8.52 % CAP rate based on Proforma. ASSUMABLE NON RECOURSE DEBT IN PLACE AT 6.10 % MAKES THIS AN EXCELLENT OPPORTUNITY FOR A 10-31 EXCHANGE