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 100,880 SF of leasable space across 5.19 acres. The site includes 28,800 SF of indoor storage with 157 drive-up units (10×15, 10×20, 10×30), a 1,280 SF climate-controlled office/shop (owner-occupied, but leasable), and 70,800 SF of outdoor parking with 177 spaces (10×40). Total unit count: 335 + office/shop.
Property is averaging 4 new leases per week with projected stabilization by September 2025. Security features include perimeter fencing, an automated gate, and high-definition security cameras. The site also benefits from a 15-year TIF package (90% for the first 10 years, then 60% thereafter). Financials and pro forma updated monthly by CPA. Bi-annual tax reimbursements managed 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.
Commercial Sale For Sale
3556 Marnie Avenue
Waterloo, Iowa 50701
Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.
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