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    708 29Th St Monroe, LA 71201

    Sponsored
    For Sale
    $2,600,000

    High-yield storage facility, prime location.

    Property size:
    60,156 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 708 29Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    60,156 SF
    Lot Size
    60,113 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1
    Units
    124

    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 Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service Executive Storage Systems Warehouse

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.0919182
    Latitude
    32.5298556

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    FAQs

    What type of property is this?
    Distribution property - High-yield storage facility, prime location.
    Where is this distribution property located?
    The property is located at 708 29Th St Monroe, LA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 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.
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    708 29Th St Monroe, LA 71201
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    Monroe, LA 71201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    708 29Th St Monroe, LA 71201
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