708 29Th St, Monroe, LA 71201
21,300 SF | 100% Leased | Industrial Building | Monroe, LA 71201 | $2,950,000 ($138/SF) | 7.22% Cap Rate
For Sale
Active
23 pictures
Asking Price $2,950,000
- Property Type
-
Industrial
- Price / Square Foot
- $138
Listing Contacts
Brandon Robinson
Ta'Mara Jones
- Property Info
Property Overview
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
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. Positioned at 708 N 29th St, this facility offers excellent potential in a market with a metro population of 221,885. Featuring 21,720 rentable square feet, including 14,977 enclosed and 6,743 unenclosed square feet, the property sits on 1.38 acres with 124 storage units and a 79% physical occupancy rate. Originally built in 1984, the facility benefits from light industrial zoning and presents expansion opportunities, further enhancing its revenue potential.
Positioned near the highly accessible US Highway 165, Executive Self Storage is located in one of the largest cities in Louisiana, offering proximity to local amenities and key institutions like the University of Louisiana Monroe. This adds to the demand for storage units from both residents and businesses. The facility has climate control units, ensuring tenants can store their goods in optimal conditions, and is managed on-site with Web Self Storage software, allowing for easy management and tenant interface. In addition to its core services, the property generates ancillary income through U-Haul rentals and box sales, making it a diversified source of revenue.
With good visibility and a strong local reputation, evidenced by a 4.2-star Google rating, Executive Self Storage is positioned for continued growth and success in the competitive Monroe market. Its current pricing guidance is set at $2,950,000, reflecting a cap rate of 7.22% and a price per square foot of $196.97. This property offers a unique chance to invest in a high-demand urban area with substantial growth potential.
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. Positioned at 708 N 29th St, this facility offers excellent potential in a market with a metro population of 221,885. Featuring 21,720 rentable square feet, including 14,977 enclosed and 6,743 unenclosed square feet, the property sits on 1.38 acres with 124 storage units and a 79% physical occupancy rate. Originally built in 1984, the facility benefits from light industrial zoning and presents expansion opportunities, further enhancing its revenue potential.
Positioned near the highly accessible US Highway 165, Executive Self Storage is located in one of the largest cities in Louisiana, offering proximity to local amenities and key institutions like the University of Louisiana Monroe. This adds to the demand for storage units from both residents and businesses. The facility has climate control units, ensuring tenants can store their goods in optimal conditions, and is managed on-site with Web Self Storage software, allowing for easy management and tenant interface. In addition to its core services, the property generates ancillary income through U-Haul rentals and box sales, making it a diversified source of revenue.
With good visibility and a strong local reputation, evidenced by a 4.2-star Google rating, Executive Self Storage is positioned for continued growth and success in the competitive Monroe market. Its current pricing guidance is set at $2,950,000, reflecting a cap rate of 7.22% and a price per square foot of $196.97. This property offers a unique chance to invest in a high-demand urban area with substantial growth potential.
Property Details
- Class
- C
- Year Built
- 1984
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 60,113 SF
Highlights
- Expansion Potential
- Climate Control Units
- Top 100 U-Haul Dealer in North America
- Income from U-Haul Truck Rental & Box Sales
- Good Visibility & Traffic Count
- 4.2 Star Google Rating
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].