Highlights
•Offered at a 6% CAP rate based on pro forma •3-year tax abatement commencing in 2026 •Potential value-add with Phase III expansion •Currently 38,850 SF on 4.07 acres
Description
Modern, expanding self-storage facility available for $3,500,000, situated on a 4.07-acre site on the west side of Marshalltown. The property benefits from strong local demographics, with an average household income of $89,029 within one mile. Phase I, completed in July 2023, includes four non-climate controlled buildings and one climate-controlled building, fully leased by Summer 2025. Phase II, finished in October 2025, added five additional non-climate controlled buildings, bringing the total facility size to 38,850 SF. Phase III, with site plan approval, offers significant value-add potential.
Listing Details
- Cap Rate
6.11%
- Space Type
industrial
- Sub Category
warehouse
- Date Listed
2/18/2026
- Investment Type
Value Add
- Net Operating Income
$87,990
Property Specifics
- Property Name
1101 Lincoln Way
- Property Class
C
- Year Built
2023
- Building Size
38,850 SF
- Lot Size
4.07 Ac