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Inside The Box Self Storage: Your Next Value-Add Opportunity in Monroe, LA
Calvary Realty is thrilled to present Inside The Box Self Storage, a recently renovated facility in the bustling Monroe Metropolitan Statistical Area (population over 221,000) at 100 Martinez Drive, Monroe, Louisiana.
Priced at an attractive $550,000, this property offers 16,905 rentable square feet across 156 units, translating to a highly competitive $32.53 per square foot. Its strategic location near Highway 89 and Monroe Regional Airport ensures easy accessibility and high visibility, with a daily traffic count of 4,400 vehicles. This prime positioning, also close to the University of Louisiana Monroe, guarantees consistent demand from a diverse tenant base.
Built with durable metal and concrete, this single-story facility dates back to 1977 but saw significant capital improvements and an expansion in 2022, supporting a streamlined, automated operation.
Inside The Box Self Storage offers substantial value-add potential. There's clear room for future expansion, and with a previous appraisal of $970,000, this property is projected to be worth over $1 million upon stabilization. This is a compelling opportunity for investors seeking an asset with significant growth potential in a rapidly developing market.