101 Martinez Dr - Self-Storage Facilities FOR SALE


Monroe, LA 71203
$550,000 USD
760-534-8135
101 Martinez Dr, Monroe, LA for Sale
$550,000 USD
Self-Storage Facilities - FOR SALE
1/15
null | 16.92% Cap Rate

101 Martinez Dr
Monroe, LA 71203


HIGHLIGHTS

  • Newly Renovated
  • Set Up for Automated Operations
  • $1M+ Valuation Upon Stabilization
  • Rents Below Market
  • Expansion Potential
  • Proximity to Monroe Reginal Airport

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 pleased to present Inside The Box Self Storage, a recently renovated facility located at 100 Martinez Drive in Monroe, Louisiana, within the Monroe Metropolitan Statistical Area, which has a population of over 221,000. Priced at $550,000, this property spans 16,905 rentable square feet with 156 units, offering a highly competitive price per square foot of $32.53. Strategically positioned near Highway 89 and Monroe Regional Airport, this facility is easily accessible. Constructed with durable metal and concrete, this single-story facility was originally built in 1977 and expanded in 2022, reflecting significant capital improvements that support a streamlined automated operation. Located near Monroe Regional Airport and the University of Louisiana Monroe, the property benefits from consistent demand and visibility in a high-traffic area, making it a prime location for a variety of tenants. The surrounding community, including the 9th largest city in Louisiana, provides a large customer base, with traffic counts reaching 4,400 vehicles per day. Inside The Box Self Storage offers substantial value-add potential, with room for future expansion and a previous appraisal of $970,000. Upon stabilization, the property will be worth above $1M. This property provides an attractive opportunity for investors looking to acquire a value-add asset with room for growth in a rapidly developing area.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

16.92%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.76 AC

LAND SF

338,026 SF

ZONING

CG

APN/PARCEL ID

102523,102533,108617,35975,64906,64911,64912,64913,70807,74701,74702,74703,74704,74705,74707,74709,74710,74712,74715,74716,74717,74718

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
760-534-8135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brandon RobinsonCalvary RealtyMore Info
760-534-8135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.