Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2400/ Marcus & Millichap is pleased to offer the fee simple interest in Top Storage located at 4812 Monkhouse Drive in Shreveport, Louisiana (the “Property”). This exclusive opportunity offers 226 units spanning 33,725 net rentable square feet. There is an additional 300 sq ft apartment as well as a 360 sq ft workshop. It features a market attractive unit mix with large units ranging in size from 5’X12’ to 20’X30’. There are 7 "down" units that can be brought online quickly by reinstalling insulation on 3 units, replacing latches on 3 units, and replacing the door on 1 unit. With a strategic location, strong demand, and favorable market conditions, this investment is poised to deliver solid returns. The Property is currently 51% occupied and offers investors the ability to acquire a well-located self-storage asset with significant value add through lease up at long term rates. Shreveport, Louisiana, located in the northwestern part of the state, is the third-largest city in Louisiana with a population of around 180,000 residents. It serves as a key economic and cultural hub for the Ark-La-Tex region, which encompasses parts of Arkansas, Louisiana, and Texas. The city benefits from strategic positioning along Interstate 20 and proximity to Interstate 49, creating strong transportation and logistics advantages for industrial, retail, and distribution development. The Property offers immediate access to Monkhouse Drive and benefits from traffic counts of 10,570 vehicles per day. The Property benefits from dense and compelling demographics with a population draw of ±90,869 residents within a 5-mile radius and an average household income of ±$53,805.