Beautiful complex centrally located by the corner of Highway 20 & Highway 63 in Waterloo Iowa. Storage Website: https://www.cedarcrossingstorage.com/ Development Website: https://www.cedarvalleycrossing.com/ Here are a few highlights including income & occupancy: The 1,280 sqft. climate controlled office & shop is now leased in addition to more indoor units and parking spaces. The office / shop tenant is a automotive paintless scratch & dent removal company now at the facility Monday - Saturday which is great for coverage and helps us avoid paying a property manager. I just gave him a discount on the rent so he pays $1,325. ($950 / mo. base + flat rate of $375 / mo. for utilities) and looks over the property. The best of both worlds really. This site is a couple months from stabilization with an in place tenant paying rent that can run the facility, called Cedar Crossing Storage. I can send information on that too. The tenant renting the office & shop is paying a reduced rate rent of $1,325.00 / mo. in exchange for looking after the property, saving a property management fee. It's a beautiful complex centrally located in the Cedar Valley by the corner of Highway 20 & Highway 63 in Waterloo Iowa. Storage Website: https://www.cedarcrossingstorage.com/  Development Website: https://www.cedarvalleycrossing.com/  Phase 1 (Opened in October 2023) has the following unit mix: Square Footage: Indoor Storage: 28,800 sqft. Drive up units with sizes ranging in 10x15, 10x20, & 10x30. Office & Shop: 1,280 sqft. of climate controlled space currently leased to a Paintless dent removal company @ $1,325 / mo. Outdoor Parking: 48,680 sqft. Total: 78,760 total leasable square footage. ______________________________________ Unit Size | Occupied Units | Capacity | Occupancy %: Indoor Units: 10x15: 64 | 90 10x20: 48 | 48 10x30: 19| 19 Total Indoor Units: 131 | 157 | 83.44% Office / Shop: (1,280 sqft.): | 1 | 1 | 100% Outdoor Parking Spaces: 72 | 122 | 59.02% (10x40 Outdoor Parking Spaces 400 sqft. each) Total Units: 203 | 280 | 72.50% _______________________________________ Unit Rental Rates: (below market rate) 10x15: $95.00 / mo. 10x20: $115.00 / mo. 10x30: $135.00 / mo. Office / Shop: Leased at $1,325 / mo. Outdoor Parking: $45.00 / mo. Spring lease up averaging 3-4 units / week. NOI: Current NOI: $239,521.97 Stabilized NOI: $307,099.14 (Est. July 2026) Features: Security Fence Automated Gate High definition security cameras Climate controlled office & shop. Taxes: * Tax Incentive Package: 15 - Year / Tax Incentive (TIF) package from the city of Waterloo IA. (graduated scale. displayed in the due diligence attachments) * Annual Taxes: $70,441.38 (paid in bi-annual payments March & September) * Annual Tax Rebate from City of Waterloo IA: (-$50,717.79) (2 checks from city received in May & November) * Net Annual Taxes: $19,723.59 Phase 2: * Seller has plans they can share regarding 2 options for 2 different Phase 2 buildout options. * Each plan would add additional buildings, but would reduce the outdoor parking space. * Seller is willing to work with the buyer on performing a design / build project to build out Phase 2 if interested. The NOI for the Phase 2 buildout in either scenario looks really good. * Phase 2 - Option 1 - NOI at Stabilization: $406,280.66 * Phase 2 - Option 2 - NOI at Stabilization: $437,142.94 Note(s): * Projected Occupancy %: | 85% June 2026 | 90% July 2026 | 95% September 2026. * Financials & Proforma updated monthly & performed by CPA. Sales tax paid by CPA. * Tax Incentive bi-annual reimbursement from city performed by CPA. Signed copy of development agreement from city available upon request. * Depending on the buyer, the owners are willing to stay and help run / operate the business until September 1st, 2026. * Starlink satellite high speed internet & wifi on site. * Remotely controlled bluetooth locks installed on 5 units as a test. Requires no modification to the doors. * Buyers can elect to have these removed before closing or sellers can install the bluetooth locks on the rest of the units. * After the buyer sees the locks, they are really going to like them. Gives you the ability to lock a unit instantly and allows for automated check in / check out. Makes remote site management a lot easier. * I am one of the owners and am a licensed realtor in the state of Iowa. If you have any questions, feel free to call. Happy to help. Trev