Map of Property

43rd St Storage

For Sale

1005 43rd St SE, Cedar Rapids, IA 52403

This Cedar Rapids property for sale is located at 1005 43rd St SE. The current listed sale price for 43rd St Storage is $925,000. 43rd St Storage is situated on a lot that is 1.36 acre in size.

Contacts

broker

Jack Luster

SVN | CREATE Commercial Real Estate Advisors

Property Details

  • Property Type Industrial - Storage
  • Property Size 13,450 SF
  • Units 76
  • Lot Size 1.36 Acre
  • Additional Rent Contact for pricing
  • Date Updated Oct 10, 2024
  • HVAC None
...This 77-unit site features drive up non-climate-controlled storage and another 10 exterior parking spaces that accumulate revenue as well. This deal offers a great component of value add as current rental rates ($0.52 per foot per month) are sitting far below the $0.95 per foot per month for the Cedar Rapids and Iowa City Markets. Through our analysis we find that a management crew can fully maximize this properties potential. The property is located on the east side of cedar rapids near strong and densely populated neighborhoods. One of the reasons this facility has been able to maintain 100% occupancy.

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Highlights

  • Well below market rent rates
  • 100% occupancy
  • Self-managed
  • Fully gated
  • Half concrete
  • 10x10 office space
  • Additional outdoor parking spaces

Getting around

  • 24/100

    Walk Score ®

  • 35/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cedar Rapids, IA
  • Neighborhood Cedar Rapids
  • Zip Code 52403

Points of Interest

  • Casey's General Store

    0.87 miles

  • Conoco

    2.08 miles

  • Kum & Go

    2.53 miles

  • Sinclair - Hawkeye

    2.61 miles

  • Shell

    2.71 miles

  • Fas Fuel

    2.77 miles

  • Kum & Go

    2.92 miles

  • Casey's General Store

    3.09 miles

  • Sinclair

    3.11 miles

  • Casey's General Store

    3.13 miles

  • Mt. Vernon Car Wash

    0.89 miles

  • Johnny Boy's

    2.80 miles

  • Sparkling Image Car Wash

    2.97 miles

  • Tommy's Express Car Wash

    3.43 miles

  • Limolink

    3.72 miles

  • Mister Car Wash

    3.99 miles

  • Jet Car Wash

    4.07 miles

  • Iowa Wash

    4.09 miles

  • Cruiser's Auto Spa

    4.15 miles

  • Washmohr Car Wash

    4.20 miles

  • L'Auberge

    0.75 miles

  • Little Caesars

    0.82 miles

  • Pizza Hut

    0.92 miles

  • Bruegger's Bagels

    0.93 miles

  • Papa Murphy's

    0.96 miles

  • Subway

    1.03 miles

  • Domino's

    1.04 miles

  • Vernon Bar and Grill

    1.05 miles

  • Burger King

    1.09 miles

  • Sweet Basil's Pizza Pie

    1.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jack Luster

SVN | CREATE Commercial Real Estate Advisors