3556 Marnie Avenue Waterloo, IA 50701
Other
MLS #: 2500689
Courtesy Of Pinnacle Realty LLC
Property InformationDescription
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 100,880 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 (owner-occupied, but leasable), and 70,800 SF of outdoor parking with 177 spaces (10x40). Total unit count: 335 + office/shop. Occupancy: 75.16% indoor 51.76% outdoor 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.
Features
- Age: 1-5 Years Old
- Exterior Type: Pre Eng Steel
- Floor Covering: Concrete
- Legal Description: Cedar Valley Crossing Lot 3 Lot 4
- MLSID: 2500689
- Roof Type: Metal
MAP & DIRECTIONS
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
