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Listed by Trevis Adair • Pinnacle Realty
$4,150,000
Est. payment /mo
3.49 Acres Lot
Active
1308 Adair Ct. SW Cedar Rapids, IA 52401
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20263728
Year Built 2025
Annual Tax Amount $65,000
Tax Year 2025
Lot Size 3.490 Acres
Acres 3.49
Property Sub-Type Industrial
Property Description
Now available: First Class Storage, a modern, high-demand storage facility strategically located next to the Eastern Iowa Airport. This is a turn-key opportunity to own the entire complex, offering both investment potential and immediate rental income. Here are a few highlights including income & occupancy: This site opened in November 1st, 2025 Occupancy is 60/168 Property Overview Strong unit mix Prime location with excellent visibility and easy access to major highways Secure, well-maintained, and built for today's storage demands ?? Unit Mix & Rental Rates 10x20: 91 units | $135 /month 10x30: 69 Units | $165 /month 10x30: with electricity | $295 / month 14x40: w/o electricity | 5 Units | 5 occupied | $325 /month 14x40: with electricity | 3 Units | 3 occupied | $650 /month Total Units: 168 OH Doors: A typical self storage facility has 8'w x 7'h OH doors. This site has larger OH Doors for easier entry and exit. Allows for storage of larger vehicles, boats, etc. 10x20 & 10x30 units have: 9'w x 8'h OH Doors. 14x40 units have: 12'w x 14'h OH Doors. Site Information: Seller carry Options (choose 1 option): $25,500 monthly payment at 0.00% interest for 6 months. $25,500 monthly payment at 2.00% interest for up to 12 months. $25,500 monthly payment at 3.00% interest for up to 22 months. Note: Selling price will go up as the site gets closer to stabilization.
Location
State IA
County Linn
Zoning Commercial
Interior
Fireplace N
Exterior
View Y/N true
Others
Acceptable Financing NBR20263728
Listing Terms NBR20263728
Special Listing Condition Investment Sale
NEARBY SCHOOL & BUSINESS
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