John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
Calvary Realty is proud to present Executive Self Storage, a prime storage investment opportunity located in Monroe, LA, within the thriving Monroe Metropolitan Statistical Area. Positioned at 708 N 29th St, this facility offers excellent potential in a market with a metro population of 221,885. Featuring 21,720 rentable square feet, including 14,977 enclosed and 6,743 unenclosed square feet, the property sits on 1.38 acres with 124 storage units and a 79% physical occupancy rate. Originally built in 1984, the facility benefits from light industrial zoning and presents expansion opportunities, further enhancing its revenue potential.
Positioned near the highly accessible US Highway 165, Executive Self Storage is located in one of the largest cities in Louisiana, offering proximity to local amenities and key institutions like the University of Louisiana Monroe. This adds to the demand for storage units from both residents and businesses. The facility has climate control units, ensuring tenants can store their goods in optimal conditions, and is managed on-site with Web Self Storage software, allowing for easy management and tenant interface. In addition to its core services, the property generates ancillary income through U-Haul rentals and box sales, making it a diversified source of revenue.
With good visibility and a strong local reputation, evidenced by a 4.2-star Google rating, Executive Self Storage is positioned for continued growth and success in the competitive Monroe market. Its current pricing guidance is set at $2,300,000, reflecting a cap rate of 9.59% and a price per square foot of $153.57. This property offers a unique chance to invest in a high-demand urban area with substantial growth potential.