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 78,760 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 (leased at $1,325 / mo.), and 48,680 SF of outdoor parking with 122 spaces (10x40). Total unit count: 280. Occupancy: 83.44% indoor 59.02% outdoor NOI: $242,070.76 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.

CRAAR LOGO "Based on information submitted to IA_CRAAR as of May 15, 2026 1:25 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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