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Self-Storage Facility

Urban Heights Storage

6715 Hickman Rd, Des Moines, IA 50322

Listing Price: $7,300,000

Cap Rate
2.48%
Number of Units
403
Occupancy
57.0%
Gross SF
54,095
Rentable SF
54,095
Price/Rentable SF
$134.95
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Urban Heights Storage located in Urbandale, Iowa. This facility consists of 257 climate controlled units, 95 drive-up units, 51 indoor units, and 28 parking spaces totaling 54,095 net rentable square feet. Additionally, there is an opportunity for an 18,538 net rentable square foot expansion of climate controlled units. The grading, utilities, paving, and building pads are all completed for the expansion. After expansion the facility would consist of 72,938 net rentable square feet.

Investment Highlights

  • Newly Built, Class A Self Storage Facility
  • 54,095 Net Rentable Square Feet
  • 257 CC Units | 95 Drive-Up Units | 51 Inside Units | 28 Parking Spaces
  • 18,538 NRSF Phase II Climate Controlled Expansion Opportunity

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Self-Storage Facility

Urban Heights Storage

Listing Price: $7,300,000

Cap Rate
2.48%
Number of Units
403
Occupancy
57.0%
Gross SF
54,095
Rentable SF
54,095
Price/Rentable SF
$134.95
Year Built
2020

Investment Highlights

  • Newly Built, Class A Self Storage Facility
  • 54,095 Net Rentable Square Feet
  • 257 CC Units | 95 Drive-Up Units | 51 Inside Units | 28 Parking Spaces
  • 18,538 NRSF Phase II Climate Controlled Expansion Opportunity

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Urban Heights Storage located in Urbandale, Iowa. This facility consists of 257 climate controlled units, 95 drive-up units, 51 indoor units, and 28 parking spaces totaling 54,095 net rentable square feet. Additionally, there is an opportunity for an 18,538 net rentable square foot expansion of climate controlled units. The grading, utilities, paving, and building pads are all completed for the expansion. After expansion the facility would consist of 72,938 net rentable square feet.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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