The Cushman & Wakefield Self Storage Advisory Group has been retained to offer for sale Nola Trophy Self Storage (Extra Space managed).

This exclusive opportunity allows investors to acquire a best-in-class, institutional quality trophy self-storage facility in the highly sought-after Uptown / West Riverside neighborhood of New Orleans. The Property features 87,750 rentable square feet across 866 climate-controlled units and 7 parking spaces. As of December 2024, the Property was 98% occupied generating approximately $200,000 in rent per month.

This Class A facility, which opened in September 2019, is a 3-story climate-controlled store that sits on 1.49 acres. It offers 24-hour availability and features gated entry, security cameras and an on-site manager. The Property is well-positioned with high traffic visibility, averaging 4,367 cars per day, and caters to a high-end demographic with median household income of over $112,315 within a 5-minute drive from the store.

As of December 2024, the facility was 98% occupied, with net rent per occupied square foot averaging $27.45 annually—an 8.9% increase from December 2023. Over that same time period, the Property also saw a 6.6% increase in square foot occupancy. Additionally, the Property currently has an excellent tenant insurance penetration of around 72%, generating an additional $147,000 in annual revenue that does not flow through the financials.

The store is located in the City of New Orleans in the New Orleans / Metairie MSA. New Orleans is home to over 1.2 million people and is known for its cultural richness, tourism and diverse economy with robust industries like healthcare, shipping and technology. Situated in the Uptown / West Riverside neighborhood, near the well-trafficked Magazine Street and close to the historic Garden District, the Property is exceptionally well located. It is one of the highest-quality core assets in the New Orleans market.