For Sale
$2,600,000

708 29Th StMonroe, LA 71201

High-yield storage facility, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Executive Self Storage is located in Monroe, LA, the ninth-largest city in Louisiana, within a metro area exceeding 200,000 people.
  • The 21,720-square-foot facility offers significant expansion potential on its 1.38-acre site.
  • Features include climate-controlled units and on-site management.
  • This top 100 North American U-Haul dealer generates ancillary income from U-Haul rentals and box sales.
  • The property boasts excellent visibility, high traffic counts, and a strong 4.2-star Google rating.

Property Details for 708 29Th St

Property type
Warehouses, Retail properties
Square Feet
60,156 SF
Year Built
1984
Buildings
1
Stories
1
Lot Size (sq. ft)
60,113 SF
Units
124

Location Insight

City
Monroe
County
Ouachita Parish
State
Louisiana
Latitude
32.5298556
Longitude
-92.0919182
708 29Th St, Monroe, Louisiana

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708 29Th St
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