4601 Cypress st Immeuble | 1 960 m² | Spécialité | À vendre 1 277 955 € | Taux de capitalisation 5,49 % | 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 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 73% by area and 57% economic demonstrating a clear path to future income growth with ample room for in-place rents to increase. Cypress Mini Storage achieved average income growth of 3.8% per month in 2025. A new billboard lease adds $4,400 per annum to the opportunity. 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 were obtained in October 2025 with fully designed plans 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 $1,500,000, $71.09 per NRSF, investors will have an opportunity to buy a cash flowing asset with an opportunity to immediately add 6,250 NRSF. Even without the expansion, an investor will enjoy 7.88% cap rate within a year of acquisition and 10.96% upon the stabilization of the existing unit mix.