3556 Marnie Avenue, Waterloo, IA 50701

This self-storage complex was developed in phases, with Phase 1 opening in October 2023. The site provides 78,760 square feet of leasable space across 5.19 acres, including 28,800 square feet of indoor storage and 48,680 square feet for outdoor use. Indoor units consist of 157 drive-up storage spaces in sizes of 10x15, 10x20, and 10x30. Outdoor storage is supported by 122 parking spaces sized 10x40. A 1,280 square foot climate-controlled office/shop is also on-site and is leased at $1,325 per month. In total, the facility includes 280 units. Security features include perimeter fencing, an automated gate, and high-definition security cameras.

The property is located at the high-traffic intersection of Hwy 20 and Hwy 63 in Waterloo, Iowa. The listing address is 3556 Marnie Avenue, Waterloo, IA 50701, in Blackhawk County.

For buyers or owner-users, the mix of indoor drive-up units and outdoor parking-supported storage is designed to serve multiple storage needs within one secured site. The current operating profile reflects 89.17% occupancy for indoor space and 70.49% for outdoor space, with reported NOI of $262,529.90. The property also includes a 15-year TIF package, with 90% for the first 10 years and 60% thereafter, and the financials and pro forma are updated monthly by a CPA. Seller financing is available, and owners are open to staying on to operate the facility post-sale at below-market management rates.