A-AAA Key Mini Storage Two Property Portfolio – New Orleans & Oklahoma City

Property Location

New Orleans, LA & Oklahoma City, OK

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investment highlights

  • Offered Individually or as a Portfolio
  • A-AAA Key Mini Storage New Orleans Features 404 Units and 39,150 Net Rentable Square Feet
  • A-AAA Key Mini Storage Oklahoma City Features 433 units and 50,550 Net Rentable Square Feet
  • Well Maintained Storage Facilities
  • Both Facilities are Located in Densely Populated Infill Areas
  • The Facilities Also Have Excellent Street Visibility on Good Retail Corridors

property summary

A-AAA Key Mini Storage New Orleans: A-AAA Key Mini Storage is located less than 10 miles west of downtown New Orleans, at 5104 Jefferson Highway, in the infill suburb of Harahan, Louisiana. The property is a 402-unit, single-story, climate and non-climate controlled facility with units ranging in size from 25 to 300 square feet for a total of 39,150 rentable square feet. The facility was built in 1997 and renovated in 2015 after a fire completely destroyed the front portion of the property. Following the fire, the ownership rebuilt the leasing office with modern institutional quality finishes along with the climate controlled building attached to it. The subject property is situated on approximately 2.15 acres of land and as of May 31, 2020, the property was 71.46 percent physically occupied and 75.93 percent economically occupied.  The property offers numerous amenities including 24-hour surveillance, metal roll up doors, billboard ground lease income, modern professional leasing office and paved drives throughout. The property is secured via a state of the art surveillance system and perimeter fencing with keypad entry and two electronic gates for convenient customer ingress/egress in and out of the property. The property boasts excellent signage with a large monument sign that fronts on Jefferson Highway with traffic counts of approximately 20,000 cars per day. Furthermore, the property is visible from an elevated highway that has a traffic count of 40,000 plus vehicles per day on Clearview Parkway.

A-AAA Key Mini Oklahoma City: A-AAA Key Mini Storage, located at 4317 NW 39th Street, Oklahoma City, is a 433-unit facility with units ranging in size from 50 to 450 square feet for a total of 50,550 net rentable square feet. The facility was built in 1973 and is situated on approximately 2.48 acres of land. The property is comprised of both drive up and multi-story construction and the second level is accessed via two stairwells on both the north and south sides of the building. As of May 31, 2020, the property was 85.24 percent physically occupied and 80.26 percent economically occupied.  The facility offers numerous amenities including 24-hour surveillance, metal roll up doors, a professional leasing office, perimeter fencing with keypad gated entry and paved drives throughout. The property boasts a prominent monument sign and is highly visible from NW 39th Street, a six lane expressway with car counts exceeding 36,500 per day. The subject is located in a prime commuter corridor with convenient access to I-44 just one mile to the east of the property.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Dave Knobler

First Vice President

Phone: 713.452.4200
Email: dknobler@marcusmillichap.com
License: TX 606252

Chris Shaheen

Louisiana Broker of Record

Email: chris.shaheen@marcusmillichap.com
License: BROK.0095692662-ACT

Mark McCoy

Oklahoma Broker of Record

Email: mark.mccoy@marcusmillichap.com
License: 181981

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Contact The LeClaire-Schlosser Group