Cypress Storage in West Monroe, Louisiana represents an exceptional opportunity to acquire a quality self-storage facility with unbelievable upside potential. Well-positioned with frontage on Interstate 20, the remotely-ran facility features 199 units and 21,100 Net Rentable Square Feet of non-climate storage with an additional 21 parking spaces just opened to lease in 2025. Purchased near-distressed in 2023 by the Seller, the current Economic Occupancy has risen from 20% to 37% with Physical Occupancy climbing to 60%. Cypress Storage is positioned for continued growth, providing an investor the opportunity to acquire a Proforma 10+ CAP Rate property with a projected Leveraged 5 Year IRR over 26% and 3 Year Cash-on-Cash Return over 16%.
Located just off of Louisiana Highway 15 (Cypress St.) and Downing Pines Road in West Monroe, Cypress Storage has excellent visibility with frontage on both Interstate 20 and Highway 15. With 92,300+ vehicles traveling by per day, a new buyer should have the property leased up within 18-24 months skyrocketing revenue from $103,322 to $203,141 by the second year of ownership.
Currently appraised at $1.6MM and coupled with amazing growth opportunity, Cypress storage is the hard-to-find, competitively priced, remotely managed self-storage facility all investors are seeking. With an outstanding location and the ability to increase revenue substantially, Cypress represents a unique opportunity to acquire a strong facility with substantial upside potential.