A regional lender engaged The McEnery Company to provide a complex appraisal analysis of the existing 192 unit South LC Storage facility on Country Club Road in Lake Charles, LA t0 also include a proposed Phase II expansion with a total of 324 newly delivered storage units. The proposed Phase II targeted the significant growth this sector that is underway in the Lake Charles market, and our market area analysis necessitated critical supply and demand analyses to support the scale of the new delivery. Our appraisal reported both an AS IS market value of the existing facility plus excess land, as well as a Prospective Market Value opinion inclusive of the Phase II as proposed.
