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Off Market
1/11

435 Adventureland Dr NE
Altoona, IA 50009


HIGHLIGHTS

  • Built in 2017 and situated in an area of rapid commercial and residential development
  • Visibility and access via I-80 with 38,000 vehicles per day
  • 231 total units: 155 non-climate, 61 climate controlled units, 15 contractor spaces
  • Offering includes a U-Haul business, FFE and 3.21 acre entitled rv/boat storage development land
  • 3.21 acre rv/boat storage development land to boast excellent location next to an existing rv dealership

OVERVIEW

Located in the northeast suburbs of the Des Moines, Iowa Metro Area, Adventureland Drive Self Storage and the approved RV/boat storage development land are well-situated to capitalize on the rapid growth of Greater Des Moines market. Built in 2017, Adventureland Drive Self Storage provides 51,030 square feet of self storage with a variety of drive-up non-climate, climate controlled, and contractor units to Altoona, IA and surrounding communities. Since its inception, the 7 building facility has leased up well with a 75.76% unit occupancy. In addition to the self storage operations the offer also includes 3.21 acres of development land planned and approved for an RV/boat facility. Located adjacent to an existing RV dealership, the future owner of Adventureland Drive Self Storage and the RV/boat storage will be in a great position to capitalize on the increasing demand for storage of all types in the Des Moines Metro area.

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Adventureland Drive Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

54920

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

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LAND DETAILS

LAND ACRES

3.4 AC AC

LAND SF

148,104 SF

ZONING

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APN/PARCEL ID

171-00360187339,171-00360187350