The Williams Storage Group of Marcus & Millichap is pleased to announce the recent closing of Almighty Storage in Denham Springs, Louisiana.
Almighty Storage is a mix of 452 non-climate, 174 climate-controlled units and 53 spaces for boats and RVs within a little more than 84,000 rentable square feet. The facility is well located on LA-16 amongst a busy commercial corridor.
Every deal has its fair share of speedbumps and this one was no exception; however, it was a fun deal to work on because it was a good property, in a good market that ultimately transacted between a great seller and great buyer”
Chris Shaheen, out of Marcus & Millichap’s Baton Rouge office and Anne Williams-Blackwell, out of the Memphis, Tennessee office, had the opportunity to work with the seller, a local owner, in a fast paced marketing campaign that, in less than two weeks, resulted in multiple offers from out of state buyers. “Every deal has its fair share of speedbumps and this one was no exception; however, it was a fun deal to work on because it was a good property, in a good market that ultimately transacted between a great seller and great buyer”, said Williams-Blackwell. “After 15 years in the business, it’s deals and clients like this that keep me coming back for more”, Williams-Blackwell added.
Interest in self storage properties remains very strong. We have a number of buyers aggressively seeking investment opportunities. If you’d consider selling, or would simply benefit from a market valuation, please reach out today.
