3759 Lafayette Rd - Self-Storage Facilities FOR SALE


Evansdale, IA 50707
$580,000 USD
612-394-7553
3759 Lafayette Rd, Evansdale, IA for Sale
$580,000 USD
Self-Storage Facilities - FOR SALE
1/3
null | 6.45% Cap Rate

3759 Lafayette Rd
Evansdale, IA 50707


HIGHLIGHTS

  • Stabilized Cash Flow: 11,800 RSF across 71 units with ~94% occupancy, offering immediate income and upside through future rent growth.
  • High Visibility, Low Customer Acquisition Cost: Strong occupancy achieved with zero advertising spend due to excellent frontage along Lafayette Rd.
  • Expansion Potential: Opportunity to add another building, modular units, or expand outdoor parking to drive additional revenue.
  • Modern, Low-Maintenance Facility: Built in 2012 with steel exterior, concrete pavement, full fencing, and keypad gate access.
  • Strong Cedar Valley Location: Evansdale near Waterloo benefits from a diverse regional economy supporting steady storage demand.

OVERVIEW

D & S Self Storage is a well-maintained, high-performing storage facility serving the greater Cedar Valley region. The property comprises approximately 11,800 square feet across 71 units and is currently 94% occupied, demonstrating strong in-place demand and consistent customer retention, with no dollars currently spent on advertising. The facility offers convenient drive-up access and a variety of unit sizes to accommodate residential and small business users. Its streamlined layout and accessible location provide ease of use for tenants, while the strong occupancy level reflects the stability of the surrounding market. Additionally, there is a four place billboard with 15% of rental sales to the owner with no management required. Just a short drive west of Evansdale, Waterloo, Iowa is a vibrant city and the county seat of Black Hawk County with a population of around 67,000 residents. Known as a major manufacturing and cultural hub in Northeast Iowa, Waterloo combines a rich industrial heritage with modern community energy. With a mix of local businesses, parks, festivals, and a growing metropolitan area (tied with neighboring Cedar Falls), Waterloo blends small-town friendliness with big-city amenities, making it an appealing backdrop for residents and businesses alike.

FOR SALE DETAILS

PRICE

$580,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

D&S Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,045 SF

ZONING

-

APN/PARCEL ID

8912-32-255-019

ASK ABOUT THIS PROPERTY

Alex IhrkeArea Storage AdvisorsMore Info
612-394-7553

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Alex IhrkeArea Storage AdvisorsMore Info
612-394-7553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.