Inside the Box Self Storage

Home » All Multifamily Properties » Florida & Gulf Coast » Inside the Box Self Storage

Address: 100 Martinez Dr, Monroe, LA 71203, USA

Florida & Gulf Coast + Apartment Buildings

Created date: November 8, 2024

Date last updated: November 16, 2024

Newly Renovated
Set Up for Automated Operations
9th Largest City in Louisiana
200K+ Residents in Metropolitan Area
Low Price per sq. ft. of $33 (Below Replacement)
Rents Below Market
Previous Appraisal of $970K
$1M+ Valuation Upon Stabilization
Proximity to Monroe Reginal Airport
Home to the University of Louisiana Monroe
Expansion Potential
Value Add Investment

Property Description

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.

Available

Request Information

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$550,000
No. of Units:	156
Average Occupancy:	-3.37$
Lot Size:	371.00 Sq ft
Opportunity Zone:	No
Price per unit:	$3,526
Property Website	Click Here