Contacts
Calvary Realty
Calvary Realty
The Virtual Realty Group
Property Details
- Property Type Other
- Units 156
- Additional Rent Contact for pricing
- Date Updated Dec 17, 2024
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.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 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
Getting around
-
Walk Score ®
-
Bike Score ®
Location
- City Monroe, LA
- Zip Code 71203
Points of Interest
-
76
0.72 miles
-
Shell
0.74 miles
-
Daily Press
0.87 miles
-
Chevron
0.94 miles
-
Walmart
0.99 miles
-
Brookshire's Gas
1.89 miles
-
Circle K
1.98 miles
-
Tesla Supercharger
3.14 miles
-
Intermodal Transit Facility
1.03 miles
-
Cross Bayou
6.89 miles
-
Dog Pen
7.58 miles
-
Woodpecker
8.86 miles
-
Three Branch Ridge
9.41 miles
-
Lick Branch
9.79 miles
-
Budget Inn
2.33 miles
-
Residence Inn Monroe
2.93 miles
-
Residence Inn
2.94 miles
-
TownePlace Suites
3.15 miles
-
Courtyard Monroe Airport
3.20 miles
-
Comfort Suites
3.35 miles
-
Quality Inn
3.37 miles
-
Days Inn
3.46 miles
-
Hampton Inn & Suites Monroe
3.51 miles
-
Best Western
3.54 miles
-
Walmart Neighborhood Market
1.07 miles
-
Brookshire's
1.88 miles
-
Super 1 Foods
1.89 miles
-
Walmart Supercenter
2.00 miles
-
Target
2.78 miles
-
Kohl's
2.80 miles
-
Ross
2.81 miles
-
Dillard's
2.93 miles
-
TJ Maxx
2.94 miles
-
Pecanland Mall
2.96 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.