3556 Marnie Avenue
Waterloo, IA 50701

$4,225,000

  • 30,080
    Square Feet

Beautiful self-storage complex located at the high-traffic intersection of Hwy 20 & Hwy 63 in Waterloo, IA. Phase 1 opened in October 2023 and offers a total of 78,760 SF of leasable space across 5.19 acres. The site includes 28,800 SF of indoor storage with 157 drive-up units (10x15, 10x20, 10x30), a 1,280 SF climate-controlled office/shop (leased at $1,325 / mo.), and 48,680 SF of outdoor parking with 122 spaces (10x40). Total unit count: 280. Occupancy: 83.44% indoor 59.02% outdoor NOI: $242,070.76 Security features include perimeter fencing, an automated gate, and high-definition security cameras. The site also benefits from a 15-year...read more TIF package (90% for the first 10 years, then 60% thereafter). Financials and pro forma updated monthly by CPA. Seller financing available. Owners open to staying on for operations post-sale at below-market management rates. Excellent opportunity for investors or owner-users.

Property Highlights

  • Cooling

    Central Air

  • Flooring

    Concrete

  • Heating

    Central

  • Year Built

    Built in 2023

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