3556 Marnie AVE, Waterloo, IA 50701
3556 Marnie AVE, Waterloo, IA 50701
3556 Marnie AVE, Waterloo, IA 50701
3556 Marnie AVE, Waterloo, IA 50701
3556 Marnie AVE, Waterloo, IA 50701
3556 Marnie AVE, Waterloo, IA 50701
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$ 4,225,000
Est. payment | /mo

30,080 SqFt


$ 4,225,000
Est. payment | /mo

30,080 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 30,080 sqft

Price per Sqft $140

MLS Listing ID 2500689

HOA Y/N No

Total Fin. Sqft 30080

Year Built 2023

Annual Tax Amount $70,441

Lot Size 5.190 Acres

Acres 5.19

Property Sub-Type Business

Property Description

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 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.

Location

State IA

County Blackhawk

Area Ot-E (East Of I-380)

Zoning Comm

Interior

Interior Features Storage

Heating Central

Cooling Central Air

Flooring Concrete

Inclusions Building, Business, Land

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Electricity Available

Water Access Desc Public

Roof Type Metal

Building

Building Description Steel, Overhead Doors,Private Restrooms

Sewer Public Sewer

Water Public

Structure Type Steel

Others

Tax ID 881306426059

Security Features Security System,Security Lights

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2500689

Listed by Pinnacle Realty LLC

NEARBY SCHOOL & BUSINESS

Tony Lueken

+1(319) 480-3875

tony@luekenre.com

4515 N River Blvd NE, Cedar Rapids, IA, 52411, USA

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3556 Marnie AVE