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31708683
31708685

947 U.S. 6, Iowa City, IA 52240

TF
IA S67594000, MN 40347633
Argus Self Storage Advisors
AI
MN 40620458, MN
Argus Self Storage Advisors
Listed by Argus Self Storage Advisors
Unpriced
49 days on market
Updated 7 days ago

Storelocal Storage

Details
Property Type Self Storage
Square Footage 47,469
Cap Rate 5.75%
Occupancy 51%
Pro-Forma Cap Rate 5.75%
Class A
Year Built 2022
Buildings 1
Acreage 3.000
Investment Type Institutional
Sale Condition N/A

Institutional-Grade Self Storage | Modern Climate Facility in Iowa City

Marketing description

Offers Due May 20th

Storelocal Storage in Iowa City, Iowa is an institutional-quality self-storage facility totaling approximately 47,469 rentable square feet across 590 interior climate-controlled units within a modern two-story building. The property offers a premium customer experience supported by 24-hour surveillance, Noke Smart Entry locks, humidity protection, timed LED lighting, keypad access, and two 14-foot drive-in bay doors for convenient year-round unloading. Its climate-controlled design and technology-forward infrastructure position the asset competitively within the market while supporting strong tenant demand. Current ownership is not a dedicated self-storage operator, creating a clear opportunity for a seasoned operator to implement best practices and drive operational upside.

Located just off US Highway 6, the facility benefits from strong visibility and excellent access near dense residential neighborhoods and established retail corridors. The location supports a broad customer base of residential, student, and commercial users with convenient connectivity to major traffic routes throughout the trade area. With modern construction, strong physical fundamentals, and a highly accessible infill location, Storelocal Storage represents a compelling acquisition opportunity with durable cash flow and long-term growth potential.

Investment highlights

Offers Due May 20th

  • Institutional-Quality Climate Asset: Approximately 47,469 rentable square feet across 590 interior climate-controlled units within a modern two-story facility designed for operational efficiency and tenant experience.
  • Advanced Security & Smart Technology: Equipped with Noke Smart Entry locks, 24-hour video surveillance, keypad access, humidity protection, and timed LED lighting to enhance tenant experience and streamline operations.
  • Drive-In Access for Year-Round Use: Two 14-foot drive-in bay doors provide easy, weather-protected loading and unloading, supporting customer convenience in all seasons.
  • Highly Accessible Infill Location: Just off US Highway 6 with strong visibility and proximity to dense residential neighborhoods and established retail corridors, supporting a diverse and consistent demand base.

Listing Contacts

TF
IA S67594000, MN 40347633
Argus Self Storage Advisors
AI
MN 40620458, MN
Argus Self Storage Advisors
Listed by Argus Self Storage Advisors

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Additional Information

Name
Tom Flannigan
License
S67594000
Brokerage
Keller Williams Integrity Lakes
Brokerage Phone
(612) 821-7400
Brokerage Address
800 North Washington Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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