Go Store It Baton Rouge

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Go Store It Baton Rouge (the “Property”), a best-in-class, recently converted Class A self storage facility in Baton Rouge, LA. The two-story facility, consisting of 83,424 square feet, has 628 total units and is 100% climate controlled. The facility was recently converted in July 2023 from a Hobby Lobby to be self storage and is currently 67.2% occupied. The Property has seen a 12% occupancy increase over the last two months as it continues through the lease-up stage. The facility is currently achieving $0.61 in gross rents PSF with roughly an 89% mark-to-market opportunity to increase current rental rates to market.

The Property benefits from a highly core location with strong visibility and a growing population of 139,700 within a 5-mile radius of the property. The property sits within a heavily commercialized area off I-12 with approximately 30,750 VPD along O’Neal Lane. This offering provides investors with an excellent opportunity to acquire a well-located self storage facility with current in-place cash flow and high upside through increasing current achieved rates to market rents.