4601 Cypress st Immeuble | 1 960 m² | Spécialité | À vendre 1 164 874 € | Taux de capitalisation 6,98 % | West Monroe, LA 71291

Cypress Mini Storage located at 4601 Cypress St, West Monroe, LA 71291 in Ouachita Parish. The facility is situated on approximately 2.1 acres consisting of 199 drive-up units and 21,100 net rentable square feet with approved room to expand. Fully gated & fenced, this facility has gone through a significant management upgrade to bring operations into the 21st century. With no office on-site, the property is well suited for remote-management. Current occupancy is 74% by area and 61% economic demonstrating a clear path to future income growth with ample room to grow the occupancy and close the economic gap. Cypress Mini Storage achieved average income growth of 4% per month obtaining stabilization in June of 2025. A billboard lease signed in March 2024 adds $4,400 per annum to the opportunity with scheduled increases each year though 2034. Other income-producing value-add opportunities exist with converting the grass parking lot into a 25 x 250 non-climate controlled building, adding an additional 6,250 net rentable square feet. City approvals have been obtained as of October 2025 with the site plan from a local civil engineer included in the sale. West Monroe – home to the ever-popular Duck Dynasty TV Series – is a bustling community located on Interstate 20, a major US thoroughfare. With a population of 33,068 in a 3-mile radius and 68,195 in a 5-mile radius, the city of West Monroe is known for its long-standing manufacturing, wholesale trade, logistics and transportation sectors. Priced at $1,400,000, $63.98 per NRSF, investors will have an opportunity to value-add investment with an opportunity to continue the lease up and expand the property by adding 6,250 NRSF. Even without the expansion, an investor will enjoy 9.97% cap rate within a year of acquisition and 12.79% upon the stabilization of the existing unit mix.