Value-add self storage investment with strong upside, offering a 7.08% current cap rate and significant potential to achieve a 12.76% pro-forma return. Cypress Mini Storage features 199 units across 21,100 rentable square feet, with clear pathways to increase income and expand the asset.
Located in West Monroe, Louisiana on a busy commercial corridor, the facility benefits from high visibility, strong traffic counts, and a growing local population supported by manufacturing, logistics, and trade industries. Current occupancy sits at 73%, presenting immediate opportunity for lease-up and rental rate optimisation in a market with no new competing supply.
The property has undergone modernisation with upgraded management systems, enabling efficient remote operation without the need for on-site staff. Additional income streams include a billboard lease generating over $4,400 annually and high tenant insurance participation. Recent performance shows strong momentum, with consistent monthly revenue growth demonstrating increasing demand.
A major value-add opportunity exists through approved expansion plans to add approximately 6,250 square feet of additional storage units. Full designs, approvals, and supporting surveys are included, allowing a new owner to execute growth quickly and cost-effectively.
Full support and transition guidance will be provided to ensure seamless handover and continued operational success.
Enquire now to access detailed financials and capitalise on this high-growth self storage opportunity.
