Description
Turn key business with 365 units & 5 rentable office spaces. 31% rented long term (5+ years). 4+ total acres of land. 72,500+ sqft of storage units & buildings. Room to build additional units at one location. All but 16 units have a security system. Sizes from 8x12 to 100x30. Several larger units rented long term by local businesses. Current rental rate is under market w/ plans for rent increases January 2023. Large Shop, a few units & office space is currently not rented because they are used by current owners for their other businesses. Very strong market w/ little to no vacancy. Just 35 minutes from the DSM Metro. 95-99% occupancy/year round/ last 4 years. All 4 locations within 1 mile & currently ran by 1 part time employee. This is a great opportunity to purchase a legacy asset. Portfolio includes the 4 locations of DC Storage LLC & Marshalltown Storage LLC.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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2,916SQFT
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$1,543$/SQFT
Description
Turn key business with 365 units & 5 rentable office spaces. 31% rented long term (5+ years). 4+ total acres of land. 72,500+ sqft of storage units & buildings. Room to build additional units at one location. All but 16 units have a security system. Sizes from 8x12 to 100x30. Several larger units rented long term by local businesses. Current rental rate is under market w/ plans for rent increases January 2023. Large Shop, a few units & office space is currently not rented because they are used by current owners for their other businesses. Very strong market w/ little to no vacancy. Just 35 minutes from the DSM Metro. 95-99% occupancy/year round/ last 4 years. All 4 locations within 1 mile & currently ran by 1 part time employee. This is a great opportunity to purchase a legacy asset. Portfolio includes the 4 locations of DC Storage LLC & Marshalltown Storage LLC.