100 Martinez Dr Monroe, LA 71203

This exceptional investment opportunity presents a newly renovated, 16,905 rentable square foot self-storage facility in Monroe, Louisiana. Located on an 8.52-acre lot at 100 Martinez Dr, this Class C property boasts 156 units across four single-story buildings, built in 1977 and extensively renovated in 2022. The property features a gross lease type and multi-tenancy, with a current asking price of $550,000, translating to a compelling $3,525.64 per unit and $1.48 per square foot. The property enjoys a strong 16.92% cap rate and a pro-forma cap rate of 17.02%, generating a pro-forma NOI of $93,602. Situated in a high-traffic area near Highway 89 and Monroe Regional Airport, with daily traffic counts exceeding 4,400 vehicles, this facility benefits from its proximity to the University of Louisiana Monroe and a large population base within the Monroe Metropolitan Statistical Area (over 221,000 residents). The property's current rents are below market, offering significant value-add potential and room for future expansion. The property's commercial (general) zoning and durable metal and concrete construction further enhance its appeal. This is a prime opportunity for investors seeking a value-add asset with substantial growth potential in a thriving Louisiana market. The property has a previous appraisal of $970,000 and is projected to be worth over $1 million upon stabilization. Multiple APNs are associated with this property.