bayou storage portfolio

Grandstone is pleased to present for sale Bayou Storage Solutions, a 70,050 SF two property portfolio in Lake Charles. Lake Charles is the 5th most populous city in LA, & according to the 2020 US Census, its population has increased 17.9% between 2010 & 2020. The portfolio offers both stable income & significant room for upside, being offered at an in-place 6.8% cap rate, with 72% physical occupancy, & priced well below replacement costs at $76 PSF in a high growth market.

Lake Charles, Louisiana, has a vibrant energy sector due to its strategic location along the Gulf Coast, which serves as a critical hub for energy production and transportation. The region features well-developed infrastructure, including pipelines, railroads, and the Port of Lake Charles—one of the largest in the U.S.—facilitating the movement of crude oil, natural gas, and refined products. Numerous industrial facilities, including major petrochemical and natural gas processing plants, contribute to a robust industrial base, supported by substantial investments in new projects, particularly in liquefied natural gas (LNG) facilities. The area boasts a skilled workforce, backed by local educational institutions that offer training tailored to the energy industry. Additionally, Louisiana’s favorable regulatory environment encourages further investment and development. Being home to several liquefied natural gas (LNG) export facilities, Lake Charles is well positioned to capitalize global demand for liquefied natural gas (LNG), providing employer stability even when domestic oil prices fluctuate.