3556 Marnie Avenue Waterloo, IA 50701

Building Details

Year Built

2023

Listing office Pinnacle Realty LLC t***@pinnaclerealtyia.com Show Phone

Listing date Jan 10, 2025

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Investment Insights

Based on property information with market context.

This self-storage complex is located at the intersection of Hwy 20 & Hwy 63 in Waterloo, IA. Phase 1 opened in October 2023 and offers a total of 100,880 square feet of leasable space situated on 5.19 acres. The property includes 28,800 square feet of indoor storage with 157 drive-up units, with sizes of 10x15, 10x20, and 10x30. There is also a 1,280 square foot climate-controlled office/shop, which is currently owner-occupied but leasable. The outdoor parking area provides 70,800 square feet with 177 spaces sized 10x40. The total unit count is 335, plus the office/shop. The indoor occupancy is 75.16%, and the outdoor occupancy is 51.76%. Security features include perimeter fencing, an automated gate, and high-definition security cameras. The site benefits from a 15-year TIF package, offering 90% for the first 10 years and 60% thereafter. Seller financing is available. The current owners are open to staying on for operations post-sale at below-market management rates. This property presents an opportunity for investors or owner-users.

Key Highlights

• High‑traffic location at the intersection of Hwy 20 & Hwy 63 in Waterloo, IA
• Significant leasable space: 100,880 SF total (28,800 SF indoor, 70,800 SF outdoor)
• Strong security features: perimeter fencing, automated gate, and high‑definition security cameras

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FAQs

What type of property is this?

Self storage facility - High-traffic self-storage complex with indoor, outdoor storage, and office.

Where is this self storage facility located?

The property is located at 3556 Marnie Avenue Waterloo, IA.

What is the asking price?

The asking price for this property is $4,050,000.

What are key features of this property?

This property features: High‑traffic location at the intersection of Hwy 20 & Hwy 63 in Waterloo, IA; Significant leasable space: 100,880 SF total (28,800 SF indoor, 70,800 SF outdoor); Strong security features: perimeter fencing, automated gate, and high‑definition security cameras