investment highlights
- 100% OCCUPANCY // Consistently maintained at full occupancy despite no advertising, no website, no on-site employees, and limited payment options.
- LONG-TERM TENANCY // Average tenant tenure is 73 months demonstrating strong customer loyalty and stability of income.
- OPERATIONAL UPSIDE // Opportunity to increase revenue through rent increases justified by modernizing operations, enabling online leasing, beginning to advertise, and accepting credit card payments.
- ATTRACTIVE PHYSICAL LAYOUT // Durable metal construction with wide concrete drive aisles suitable for large vehicles and easy maneuverability.
- COMPLEMENTARY INCOME STREAM // Includes a six-bay self-service car wash upgraded in 2025 that provides additional high-margin, low-maintenance revenue.
- STRONG LOCAL ECONOMY // Houma serves as a regional economic center supported by energy, seafood, and agriculture industries.
property summary
Blue Marlin Boat & RV Storage is a 131-unit, 74,700 net rentable square foot self-storage facility located in Houma, Louisiana. Situated on approximately 4.6 acres, the property was developed in phases between 2004 and 2016 and consists of twelve single-story buildings with drive-up, exterior-access units, and is not located in a flood zone.
The facility offers a strong amenity package, including timer-controlled lighting, electrical outlets in all units, comprehensive video surveillance, concrete drive aisles, and oversized metal roll-up doors. A new 14-foot backlit sign was installed in 2025, enhancing visibility and branding. The current local owner operates the property remotely using only a phone number and without a website or management software. Tenants are not permitted to pay by credit card and there are no employees on site. This highlights both the operational simplicity and significant upside through modernization.
Also located on the same parcel is Yellowfin Car Wash, a six-bay, self-service car wash with four vacuum stations. Customers pay via a kiosk that accepts their payment. This business requires minimal oversight and is a natural complement to the storage facility, with many storage tenants utilizing the wash bays prior to storing their boats or vehicles.
The property benefits from a central Houma location on S. Hollywood Road with strong daily traffic counts. Within a half-mile radius are major national retailers including Lowe’s, Home Depot, Walmart Supercenter, Target, and Chick-fil-A, providing strong consumer draw to the immediate area.
Houma is located just 40 miles southwest of the New Orleans MSA and serves as the economic hub of Terrebonne Parish. The local economy is supported by energy sector manufacturing, fabrication, seafood, and agricultural production. The Houma–Thibodaux MSA continues to demonstrate strong economic fundamentals and was recently ranked among the top metro areas in the South for economic strength, driven by a favorable cost of living and diverse employment base.
While the property generates immediate and stable cash flow, there is clear upside potential through the implementation of digital infrastructure such as a website and management software, the introduction of accepting credit card payments, rent optimization, and targeted marketing efforts. The facility is currently operating at 100 percent occupancy with an average tenant tenure of approximately 73 months, underscoring the strength and stability of the tenant base.
