214-738-7424
408 IA-92, Bevington, IA for Sale
Self-Storage Facilities - FOR SALE
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408 IA-92
Bevington, IA 50033


HIGHLIGHTS

  • Prime location at I-35 and IA-92 with high traffic exposure.
  • Stabilized occupancy with strong cash flow and rent upside.
  • Expansion potential on one acre of excess land.
  • Robust security system with 21 cameras and keypad access.
  • Serves a 100,000-person population base in a high-income area.

OVERVIEW

B&B Mini Storage offers a rare opportunity to acquire a stabilized, income-producing self-storage facility strategically positioned in the Des Moines MSA—one of the Midwest’s fastest-growing metros. Spanning 59,400 net rentable square feet across 296 units, this property combines strong in-place cash flow with compelling upside potential. Built in phases from 2002 through 2022, the facility boasts modern construction, durable metal framing, and robust security infrastructure, including 21 cameras and keypad access. Located at the intersection of Interstate 35 and Iowa Highway 92, the site benefits from exceptional visibility and traffic counts exceeding 25,000 vehicles daily. The surrounding area features affluent demographics, with a median household income of $98,122 within five miles, and a growing population base projected to expand by 1.02% annually. This demand is reinforced by proximity to major suburban hubs such as West Des Moines, Cumming, and Indianola. Operational upside is significant, with immediate mark-to-market rent adjustments supporting a 23.4% increase to market rates. Additional growth opportunities include implementing modern management and revenue optimization systems and leveraging approximately one acre of excess land for future expansion. The property also serves as a regional storage hub, complemented by strong RV and boat storage demand due to its adjacency to one of Iowa’s largest RV dealerships. With Iowa’s storage supply per capita below the national average and rental rates trailing national benchmarks, B&B Mini Storage is well-positioned for sustained revenue growth and long-term value creation.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.25 AC

LAND SF

315,810 SF

ZONING

C

APN/PARCEL ID

36040300470

ASK ABOUT THIS PROPERTY

Jennifer SteinSkyView AdvisorsMore Info
214-738-7424

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Jennifer SteinSkyView AdvisorsMore Info
214-738-7424

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