Listed by NAI Iowa Realty Commercial - Des Moines
$3,500,000
1101 Lincoln Way
Details
Property Type Industrial
Sub Type Warehouse, Self Storage
Square Footage 38,850
Cap Rate 6.11%
NOI $87,990
Tenancy Multi
Lease Type Gross
Pro-Forma NOI $213,683
Class C
Year Built 2023
Acreage 4.070
Investment Type Value Add
Self Storage In Marshalltown
Marketing description
A modern, expanding self-storage facility offered at $3,500,000, this property sits on a spacious 4.07-acre lot. The location benefits from strong local demographics, with an Average Household Income of $89,029 within a 1-mile radius. The facility is a new-construction asset, with Phase I completed in July 2023, consisting of four non-climate controlled buildings and one climate-controlled building. Phase I was fully leased by the Summer of 2025. Phase II, comprising five non-climate controlled buildings, was completed in October 2025. The total size of the facility is 38,850 SF. Significant value-add potential exists with Phase III, which has site plan approval.
West Side of Marshalltown
Investment highlights
- Offered At 6 Cap Based On Pro Forma
- 3 Year Tax Abatement Commences In 2026
- Potential Value Add With Phase III
- Currently 38,850 SF On 4 Acres
- Video Link: https://mosaics-media.com/1101-Lincoln-Way
Listing Contacts
Listed by NAI Iowa Realty Commercial - Des Moines
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$87,990.00
$7,332.50/mo
Valuation Metrics
0
DSCR
2.51%
Cap Rate
2.51%
ROI
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