6000 Desiard StMonroe, LA 71203

Property Details for 6000 Desiard St

Year built

1983

Lot size

0.70 AC

Property size (Sq ft)

13,500 SF

Property type

Other commercial real estate

APN

45955

APU

45955

Description

Exceptional value-add opportunity in Monroe, Louisiana, this self-storage portfolio comprises two facilities totaling 274 units and 28,625 net rentable square feet across 1.73 acres. Currently operating at 71% occupancy, this "mom & pop" operation presents significant upside potential through online presence development, management software implementation, enhanced marketing strategies, and rent optimization. The properties boast a strong NOI of $92,740, yielding an attractive 8.43% cap rate and a price per unit of $4,014.60, with an overall asking price of $1,100,000 ($38.43/sq ft). Both facilities are conveniently located within a 10-minute drive of each other, allowing for efficient management. Each location features gated access, security fencing, and LED lighting. Importantly, neither property is situated within a floodplain. The Desiard Street facility benefits from proximity to the proposed Kansas Lane extension, a project supported by a MonroeBUILD grant. The portfolio's location near the University of Louisiana at Monroe offers a stable and growing market. This is an ideal investment for those seeking to capitalize on operational improvements and market rent growth in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $2,455,185

  Hospitality

  $2,248,936

  Educational

  $1,871,089

  Medical

  $1,935,438

  Retail

  $2,910,582

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.5256

Longitude

-92.0532

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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