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About This Home
This 0-bedroom, 0-bathroom commercial at 3556 Marnie Avenue in Waterloo, IA is listed for $4,225,000 ($140 per sqft). Built in 2023, the home offers 30,080 sqft of living space on a 5.19 acres lot.
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.
Key Features
- Built in 2023
- 5.19 acre lot
Property Details
Amenities
Monthly Cost Estimate
$22,596/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3556 Marnie Avenue
Waterloo, IA 50701
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 3556 Marnie Avenue is listed at $4,225,000 ($140/sqft). The estimated monthly payment is $18,308 based on 20% down at 6.5% interest.
Key features include: Built in 2023, 5.19 acre lot.
This property is listed by Trev Adair and can be reached at (319) 350-9476 or trev@pinnaclerealtyia.com.