Listed by Matthews
$1,900,000
Cohoe Storage & Business Center
Details
Property Type Retail, Self Storage
Square Footage 43,931
Net Rentable (SqFt) 43,931
Units 278
Cap Rate 6.25%
NOI $118,374
Year Built 1990
Buildings 11
Acreage 3.120
Ground Lease No
4-Location Value-Add Self-Storage Portfolio — 278 Units, 57% Occupied, Massive Upside
Investment highlights
- Strategic logistics hub (I-29, I-80, rail access): Council Bluffs sits at a major Midwest transportation crossroads, driving demand from trucking, warehousing, and small logistics operators that often need flexible storage.
- Proximity to Omaha metro (population + economic spillover): Directly adjacent to Omaha, the area benefits from a larger regional economy, supporting residential storage demand from renters, students, and dual-state movers.
- Stable employment base (railroads, manufacturing, distribution): Employers like Union Pacific and regional industrial firms create a steady workforce with ongoing storage needs tied to job transitions and equipment storage.
- Affordable housing → higher mobility: Lower cost of living compared to nearby metros can correlate with higher renter share and life transitions (downsizing, relocations), which typically increases self-storage usage.
- Tourism and gaming traffic (casinos, events): Visitor activity and short-term workers can create niche demand for temporary storage, especially for seasonal or contract-based employment.
- Limited new supply vs. growing demand pockets: Compared to larger metros, Council Bluffs often sees slower self-storage development, which can create favorable occupancy and pricing power for well-located facilities.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$118,374.00
$9,864.50/mo
Valuation Metrics
0
DSCR
6.23%
Cap Rate
6.23%
ROI
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