Spacebox
new orleans

Grandstone Investment Sales is excited to offer a distinguished opportunity to acquire SpaceBox Storage, a premier storage facility strategically located in the vibrant heart of downtown New Orleans, merely 1500 feet from the iconic Caesars Superdome. This facility boasts a substantial footprint of 75,153 net rentable square feet, with an impressive current occupancy rate of 87%. SpaceBox Storage features 808 climate-controlled units and 14 lockers, catering to a broad range of storage needs and preferences.

Positioned within an economically robust demographic, SpaceBox Storage is accessible to approximately 182,000 residents within a three-mile radius and extends its reach to 362,000 residents within five miles. The area is on an upward trajectory, with population growth projected at 10% over the next five years. The economic landscape is equally promising, characterized by an average household income exceeding $85,000 within both the three and five-mile radii, highlighting the facility’s prime location in a prosperous community.

Recently achieving stabilization, SpaceBox Storage emerges as an exceptional investment opportunity for those aiming to incorporate a trophy asset into their portfolio. This facility is not only situated in a core urban market but also stands to gain significantly from the introduction of professional management. This opportunity underscores a strategic investment in a growing and economically vibrant area of downtown New Orleans.