2426 9th Ave - Self-Storage Facilities FOR SALE
Council Bluffs, IA 51501 |
$1,900,000 USD
602-946-4856
2426 9th Ave
Council Bluffs, IA 51501
HIGHLIGHTS
- Portfolio of 4 self-storage locations totaling 43,931 NRSF and 278 units in Council Bluffs, IA.
- Current cap rate of 6.25% with $118,374 NOI and significant upside as occupancy improves.
- List price of $1,900,000, representing $43.22 per square foot for the portfolio.
- Unit occupancy at 62% and square foot occupancy at 66%, offering value-add potential.
- Strategic location near I-29, I-80, and Omaha metro, supporting strong regional demand.
- Limited new supply in Council Bluffs creates favorable pricing power for well-located facilities.
FOR SALE DETAILS
PRICE
$1,900,000 USD
PRICE/SF
$311 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cohoe Storage
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.13 AC
LAND SF
5,663 SF
ZONING
I-1
APN/PARCEL ID
7544-34-427-005
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
602-946-4856
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
602-946-4856
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
