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 (10×15, 10×20, 10×30), a 1,280 SF climate-controlled office/shop (leased at $1,325 / mo.), and 48,680 SF of outdoor parking with 122 spaces (10×40). Total unit count: 280.
Occupancy: 89.17% indoor 70.49% outdoor
NOI: $262,529.90
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.
Seller financing available. Owners open to staying on for operations post-sale at below-market management rates. Excellent opportunity for investors or owner-users.
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 (10×15, 10×20, 10×30), a 1,280 SF climate-controlled office/shop (leased at $1,325 / mo.), and 48,680 SF of outdoor parking with 122 spaces (10×40). Total unit count: 280.
Occupancy: 89.17% indoor 70.49% outdoor
NOI: $262,529.90
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.
Seller financing available. Owners open to staying on for operations post-sale at below-market management rates. Excellent opportunity for investors or owner-users.
