$20,000,000 | 129,537 SF | Lakeview Self Storage | Metairie, LA

Colliers is pleased to present a rare and compelling investment opportunity for qualified investors: the acquisition of Lakeview Self Storage, an institutional-grade self-storage facility located at 301 Paris Avenue in Metairie, Louisiana.
This premier asset comprises 129,590 rentable square feet across 1,132 units, offering a diverse mix of sizes ranging from 5’x5’ to 10’x30’. The facility consists of two four-story, fully climate-controlled buildings, developed in two phases. The first 481-unit building opened in 2018, while the second 651-unit building was completed in 2023.

Positioned on approximately 1.47 acres, Lakeview Self Storage delivers an exceptional tenant experience. The property features a modern access control system, a spacious on-site management office, multiple elevators in each building, and conveniently located covered loading areas. Tenants also enjoy the use of complimentary moving carts, ambient music throughout the facility, and a clean, secure environment enhanced by 41 high-definition surveillance cameras and motion-activated LED lighting.
Strategically located just off Veterans Boulevard, which sees over 30,000 vehicles per day, the facility benefits from excellent visibility and access. The asset is supported by strong local demographics and high barriers to entry for new competition. Within a five-mile radius, the property serves a population of more than 312,000 residents and 141,000 households. Within just one mile, the average household income exceeds $123,000—underscoring the area’s affluence and demand potential.

Market analysis from Yardi shows a five-mile self-storage saturation of 7.80 square feet per capita, with climate-controlled units accounting for 6.1 square feet. These figures suggest a healthy market with significant remaining demand to support the continued lease-up of the facility’s second phase.

Offered at $20,000,000, Lakeview Self Storage is attractively priced at a 7.00% stabilized cap rate and just $154.40 per rentable square foot. This offering presents investors with the opportunity to acquire a meticulously maintained, high-performing facility with proven operational strength and meaningful upside through ongoing lease-up and revenue growth. Lakeview Self Storage is poised to remain a market leader for years to come, making it an exceptional opportunity for investors seeking stability, quality, and long-term value.