Listing Summary
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.
Full Description
John 14:6: Jesus said to him, "I am the Way, the Truth, and the Life. No one comes to the Father except through Me."
Executive Self Storage: A Prime Investment with Growth Potential in Monroe, LA
Calvary Realty is proud to present Executive Self Storage, a compelling investment opportunity located at 708 N 29th St in Monroe, Louisiana. Situated within the thriving Monroe Metropolitan Statistical Area (population 221,885), this facility offers excellent potential in a high-demand urban market.
The property spans 1.38 acres and features 21,720 rentable square feet, comprised of 14,977 enclosed and 6,743 unenclosed square feet across 124 storage units. Currently operating at a strong 79% physical occupancy, this 1984-built facility benefits from light industrial zoning and offers clear opportunities for expansion, further enhancing its revenue potential.
Strategically positioned near the highly accessible US Highway 165, Executive Self Storage leverages its location in one of Louisiana's largest cities. Its proximity to local amenities and key institutions like the University of Louisiana Monroe drives consistent demand from both residents and businesses. The facility includes climate-controlled units and is efficiently managed on-site with Web Self Storage software, ensuring easy tenant interface. Furthermore, the property generates diversified income through U-Haul rentals and box sales.
With good visibility and a strong local reputation, evidenced by a 4.2-star Google rating, Executive Self Storage is well-positioned for continued growth. Priced at $2,300,000, reflecting a 9.59% cap rate and a price per square foot of $153.57, this property offers a unique chance to invest in a high-demand area with substantial growth potential.
Quick Glance
- Listing ID:
CL-Louisiana-25930
- Status:
Active
- Year Build:
1984
- Building Size:
21,720 SqFt
- Lot Size:
60,156.00 Acre