John Owens and Steve Gooch of KW Commercial Self Storage Advisors are pleased to announce the closing of Terrapin Self Storage in Lake Charles, LA. The facility had a total of 173 units with 25,727 NRSF and was 86% physically occupied at closing.
KW Commercial represented the buyer in the transaction and property will be rebranded as Bayou Storage Solutions.
The facility is located in a high traffic area with strong demographics. The buyer saw upside potential in increased revenue and has immediate plans to add additional climate controlled units onto the property.