708 29Th St Monroe, LA 71201

This Monroe, LA, self-storage facility presents a compelling investment opportunity. Boasting 21,720 rentable square feet across 124 units within a 60,156 square foot building on a 1.38-acre lot, the property enjoys a 79% occupancy rate, generating a NOI of $217,061 (pro-forma NOI of $300,968). Built in 1984, this single-story structure benefits from light industrial zoning and offers significant expansion potential. The property includes climate-controlled units and an on-site manager, further enhancing its appeal. Its strategic location in Monroe, Louisiana's ninth-largest city, within a metro area exceeding 200,000, ensures high visibility and strong traffic counts. Additional revenue streams are generated through U-Haul truck rentals and box sales, solidifying its position as a top 100 U-Haul dealer in North America. The property's strong online reputation is reflected in its 4.2-star Google rating. The asking price is $2,600,000, representing a cap rate of 8.35% and a price per square foot of $43.22. This mixed-use property, zoned for light industrial use, offers a unique blend of office, warehouse, and self-storage capabilities. The property's current price per unit is $20,967.74. This investment presents a rare chance to acquire a well-established, high-performing asset in a thriving market.