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32464487
32464486

2811 Technology Parkway, Cedar Falls, IA 50613

BW
IA B60468000
Structure Real Estate
Listed by Structure Real Estate
$2,595,000
26 days on market
Updated 26 days ago

2811 Technology Parkway - CF Storage

Details
Property Type Self Storage
Square Footage 36,480
Units 19
Cap Rate 6.74%
NOI $174,918
Occupancy 88%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 7.21%
Pro-Forma NOI $187,000
Price per SqFt $71
Broker Co-Op True
Class A
Year Built 2024
Buildings 5
Acreage 2.480
Zoning M-1
Investment Type Stabilized

88% Leased - 36,000+ SF

Marketing description

Positioned in one of the fastest-growing areas of Cedar Falls, Cedar Falls Storage offers a rare opportunity to acquire a premium self-storage facility designed for long-term durability, operational efficiency, and broad customer appeal.

Built with 100% concrete drive lanes throughout the property, the facility provides a clean, high-end experience while minimizing long-term maintenance costs. Security is a core feature of the property, giving tenants confidence and ownership peace of mind.

Cedar Falls Storage features the most comprehensive unit mix in the Cedar Falls/Waterloo market, serving a wide range of residential and commercial storage needs. Unit offerings include traditional drive-up storage, climate-controlled units, and highly sought-after drive-up climate-controlled storage — a unique feature not offered by any other storage facility in the Cedar Falls or Waterloo area.

The diversified unit mix allows the property to capture multiple customer segments while supporting strong occupancy and revenue stability. With continued residential growth and increasing demand for high-quality storage solutions in the market, Cedar Falls Storage is well-positioned for continued success and expansion potential.

Key Features:

  • 100% concrete drives throughout the facility
  • Secure, professionally maintained property
  • Most diverse unit mix in the Cedar Falls/Waterloo market
  • Unique drive-up climate-controlled units
  • Strong appeal to both residential and commercial tenants
  • Located in a growing, high-demand market
  • Premium construction with low-maintenance infrastructure

Investment highlights

Key Features:

  • 100% concrete drives throughout the facility
  • Secure, professionally maintained property
  • Most diverse unit mix in the Cedar Falls/Waterloo market
  • Unique drive-up climate-controlled units
  • Strong appeal to both residential and commercial tenants
  • Located in a growing, high-demand market
  • Premium construction with low-maintenance infrastructure
  • Built in affluent area with high quality tenants - almost zero late payments

Listing Contacts

BW
IA B60468000
Structure Real Estate
Listed by Structure Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,918.00
$14,576.50/mo

Valuation Metrics

0
DSCR
6.74%
Cap Rate
6.74%
ROI

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Additional Information

Name
Brian Wingert
License
B60468000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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