1005 43rd St SE - Self-Storage Facilities FOR SALE


Cedar Rapids, IA 52403
$925,000 USD
515-416-7930
1005 43rd St SE, Cedar Rapids, IA for Sale
$925,000 USD
Self-Storage Facilities - FOR SALE
1/12
null | 7.24% Cap Rate

1005 43rd St SE
Cedar Rapids, IA 52403


OVERVIEW

This 77-unit site features drive up non-climate-controlled storage and another 10 exterior parking spaces that accumulate revenue as well. This deal offers a great component of value add as current rental rates ($0.52 per foot per month) are sitting far below the $0.95 per foot per month for the Cedar Rapids and Iowa City Markets. Through our analysis we find that a management crew can fully maximize this properties potential. The property is located on the east side of cedar rapids near strong and densely populated neighborhoods. One of the reasons this facility has been able to maintain 100% occupancy.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

B

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C-1

APN/PARCEL ID

14251-03009-00000

ASK ABOUT THIS PROPERTY

Harrison HaynesSVN | CREATEMore Info
515-416-7930

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Harrison HaynesSVN | CREATEMore Info
515-416-7930

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.