Value-Add Self-Storage Opportunity – Cedar Rapids, IA
1005 3rd Ave SW, Cedar Rapids, IA 52404

Price
$4,800,000
NRSF
42,013
New Construction
Cedar Rapids, IA
Clear value-add opportunity through continued lease up and ECRIs to bring in-place rents to market levels
Facility includes 42,013 NRSF, with potential expansion via layout optimization
Located in a submarket with no new supply planned and strong rental comps
With easy access to 1-380 and downtown corridor, the dense Cedar Rapids location has over 71,710 residents within 3 miles
Median household income of $60,019 within three-mile radius supports demand for stabilized storage rates
The facility utilizes Noke Bluetooth smart locks on all units, providing fully keyless, state-of-the-art tenant access
The property is secured by Verkada Al-enabled camera systems, including facial recognition and license plate capture, delivering industry-leading security, accessible anywhere in the world
The facility was awarded Facility of the Year - Construction Category Winner in 2022, a testament to the quality of the build and design

The Cushman & Wakefield Self Storage Advisory Group has been exclusively retained to offer for sale a self-storage facility located in Cedar Rapids, Iowa.

The Cedar Rapids site is located at 1005 3rd Ave SW, just west of downtown and easily accessible from 1-380 and Wilson Avenue SW. The 42,013 square-foot facility,  built in 2021, sits on 1.1 acres and includes 484 units. The surrounding area has a population of over 71,710 within a three-mile radius and a median household income of approximately $60,019. This offering represents a unique opportunity to acquire a recently constructed asset in a stable Midwestern market with strong fundamentals.

Access Deal Landing Page Here: Value-Add Self-Storage Opportunity – Cedar Rapids, IA




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